Algorand wallet

Secure your (ALGO) assets

Secure your Algorand assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Algorand assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.

State-of-the-art
security

Simplicity

Multicurrency

Discover our wallets How to manage Algorand with Ledger devices

Secure your Algorand (ALGO)

Secure multiple assets, including Algorand, using a Ledger Hardware Wallet.
Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

Ledger Nano S

Protect your Algorand assets with the first and only
independently-certified Algorand wallet on the market.

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Ledger Nano X

Ledger Nano X

The Ledger Nano X is a Bluetooth® enabled secure and
CES award winning device that protect your Algorand assets.

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How to manage your Algorand (ALGO)

Ledger Live

Directly manage and stake your Algorand with Ledger Live, our own desktop and mobile application. Check your balance in real-time, send, receive & earn Algorand (ALGO) directly from Ledger Live.

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Praised by our community

Michael L.

Nice hardware wallet, easy to use. Runs smoothly with Linux (Ledger Live).

Larissa B.

Easy to use with support for multiple currencies. Great peace of mind.

Loan P.

Ledger is amazing, best way to keep your cryptocurrencies safe and offline!

Christopher H.

It's small, secure and awesome. Worth the money all day long.

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What is Algorand (ALGO)

Algorand is an open source blockchain designed by Turing Award winner and MIT professor Silvio Micali. It launched in June 2019. Algorand (ALGO) aims to achieve all three challenges of blockchains today: security, scalability, and decentralization.
In Algorand’s consensus algorithm, called Pure Proof-of-Stake (PoS), the network ties its security to the honesty of the majority. Algorand makes any dishonesty impossible by a minority so any cheating by the majority would be foolish.
The consensus mechanism ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.

algorand_plain

Algorand (ALGO) features

Compared to other blockchain networks, Algorand distinguishes itself in different ways:
True decentralization: the network is not controlled by a few miners or validators since proposers and committees are randomly selected.
Low computation requirements: No need for high energy-consuming mining farms.
Fast agreement: The entire community agrees on the next block and confirms transactions with latency on the order of a minute while scaling to many users.
Extremely low fork probability: Users can rely on a new block as soon as it appears. Even if the network is temporarily partitioned, Algorand ensures that no users have divergent views of confirmed transactions.

How blocks are added to the network
Neither a few delegated users nor a fixed committee is responsible for proposing blocks in Algorand. Instead, all users are randomly, secretly and continuously selected to participate in the Algorand consensus protocol. Every block in Algorand reveals a new unpredictable selection seed that determines which users participate in the next round of block selection.

In Algorand, blocks are constructed into 2 phases through lotteries known as “cryptographic sortition” enabling a fast outcome, instead of having to wait for a large number of confirmations and often several hours to ensure that a transaction won’t be reversed through blockchain reorganization.

Proposal phase: a single token is randomly selected, and its owner proposes the next blocks. However, because this proposer is only known to the whole network during the propagation phase, it is already too late to interfere. In Pure PoS, every token has the same probability of being selected.

Voting phase: a committee of owners of 1,000 random tokens is selected to approve the block proposed by the first user. Compared to the fixed committee system in many other Proof-of-Stake blockchains, this random selection of the committee members makes the protocol extremely secure against attackers: they simply don’t know who to target.

Rewards

The Algorand Foundation deposits a set number of tokens to the Rewards Pool for a specific Rewards Period. Rewards are calculated and distributed by the blockchain. They are claimed automatically every time a transaction is made to or from an account. Reward frequency is about every 20 minutes (dated June 2019).
The reward amount per block for the Rewards Period is equal to the number of tokens in the Rewards Pool divided by the number of validated blocks. As each block is written to the blockchain, the per-block reward amount is then split across all token holders based on the amount of stake they have compared to the total stake. An individual’s share of the per-block reward amount can change based on gaining or losing tokens.

These rewards are accrued in the Algorand network and are claimed by a specific account when a transaction that involves the specific account is confirmed.

Algorand Standard Assets (ASA)

The Algorand protocol supports the creation of on-chain Algorand Standard Assets (ASA). Their use is similar to tokens in other blockchains. They have the same security, compatibility, speed and ease of use as the Algo.

With Algorand Standard Assets you can represent stable coins, loyalty points, system credits, and in-game points, for example. You can also create single, unique ASAs such as a deed for a house, collectible items, unique parts on a supply chain, etc. There is also optional functionality to place transfer restrictions on an ASA that helps support securities, compliance, and certification use cases.

Crypto Supported

Securely manage 27 coins and ERC20 tokens directly
with Ledger Live. And more using external wallets.