The Algorand platform exceeds 1000 transactions per second with a block release about every 5 sec.
According to Proof-of-Stake (PoS) consensus, the influence of users in choosing a new block is proportional to their stake in the system, therefore, the possibility that a user will be chosen, and the weight of its proposals and votes, is directly proportional to its stake.
The consensus algorithm works in rounds with the participants changing every round of block selection in order to protect the network against attackers. In every new round, the group of participants is random and independent of earlier participants.
Every user receives an amount of rewards proportional to their stake for every block that is committed to the chain.
The Algorand platform requires minimal processing power and limited computing resources for contributing to block consensus, therefore all users who possess ALGO tokens are automatically likely to join.
Algorand Virtual Machine (AVM)
The AVM is able to perform complex smart contracts that can power many well-known DeFi, NFT, and web3 dApps in the blockchain.