Algorand is a blockchain-based distributed ledger platform designed to facilitate the secure and efficient transfer of value across the world. It was created by Turing Award-winning cryptographer Silvio Micali, and is one of the most advanced distributed ledger technologies (DLT) platforms available today. Algorand was designed to make blockchain technology accessible to everyone, regardless of technical skill or experience. It is a public, permissionless blockchain network with a consensus mechanism based on Proof-of-Stake (PoS).
Algorand provides a number of features that make it an attractive blockchain platform. It is extremely secure, with a consensus algorithm that is immune to many of the common attacks that plague other blockchain networks. It also has a high degree of scalability, allowing it to handle large numbers of transactions without compromising performance. Algorand also utilizes a unique Byzantine Fault Tolerance (BFT) consensus protocol, which ensures that the network remains secure and reliable even in the face of malicious actors.
Founder: Silvio Micali
Launched On: 2019-03-30
Proof Of Stake
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