Validators process transactions and receive fees from users (supply-side fees).

Algorand is a smart contract platform for decentralized applications (a blockchain). Algorand was founded by Silvio Micali and launched in 2018.

ALGO holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Algorand's investors include Union Square Ventures, Multicoin Capital, Pillar, etc.

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# Algorand State proof transaction count Methodology

## 1. Overview

State proof transaction count is measured as the daily number of post-quantum state proof transactions executed on the Algorand blockchain. Compact, verifiable proofs of the blockchain state are created using post-quantum cryptographic signatures (Falcon) to secure the history of the network. Protocol-level security and state verification activities are quantified through this metric.

## 2. Data sources

- **Blockchain events**: State proof transactions (specifically transaction type `stpf`) from Algorand transaction records, covering Algorand

## 3. Step-by-step calculation

### Component A: Transaction filtering

- **Purpose**: The identification and isolation of state proof transactions from the broader set of blockchain transactions.
- **Logic**: Transactions are filtered to include only those where the transaction type is explicitly designated as `stpf` (representing state proof transactions).
- **Key fields**: `transaction_type`, `block_timestamp`

### Component B: Daily aggregation

- **Purpose**: The daily aggregation of the filtered transactions.
- **Logic**: The filtered state proof transactions are grouped by day based on the block timestamp. A count of these transactions is calculated for each daily interval.
- **Key fields**: `block_timestamp`, `state_proof_transaction_count`

### Component C: Normalization and finalization

- **Purpose**: The normalization, zero-filling, and finalization of the daily transaction counts.
- **Logic**: The aggregated daily counts are processed to fill any missing days with zero values, ensuring a continuous time series. Data types are cast to standard formats, and valid chain and data identifiers are verified before final output.
- **Key fields**: `timestamp`, `chain_id`, `state_proof_transaction_count`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Post-quantum state proof transactions on the blockchain.

AlgorandALGO

State proof transaction count

State proof transaction count

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