Algorand
is a cryptocurrency and blockchain platform founded by Silvio Micali, a computer science professor at MIT
What is Algorand ?
Algorand is a cryptocurrency and blockchain platform founded by Silvio Micali, a computer science professor at MIT. It aims to address some of the scalability, security, and decentralization issues faced by earlier blockchain platforms like Bitcoin and Ethereum. Algorand employs a pure proof-of-stake (PPoS) consensus mechanism, which aims to provide high throughput, instant transaction finality, and low transaction costs while maintaining decentralization. The platform is designed for a wide range of use cases, including financial applications, decentralized finance (DeFi), and tokenization of assets. Its native cryptocurrency is called ALGO.
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