Algorand is an open-source, decentralized blockchain that utilizes a Pure Proof-of-Stake (PPoS) consensus mechanism to increase transaction speeds and ensures full participation. Users staking ALGO receive an amount of reward proportional to their stake for each block that is committed to the chain. The Algorand network is publicly available for anyone to audit, use, and build upon.
You can effortlessly start to earn ALGO through staking rewards with Bloq infrastructure. Contact us to discuss how we can support your ALGO staking needs.
The Algorand network does not make use of slashing, but rather enters recovery mode (where a new validator is selected to create the next block) and continues on when a bad block has been proposed.
Bloq infrastructure is non-custodial and allows you to stake your ALGO while retaining control. At no point does Bloq hold your private keys nor will Bloq have access to withdraw the staked ALGO.
Staking ALGO has no lock-up or unbonding period. You are free to withdraw and trade your tokens at your discretion.
