Algorand is a high-performance next generation blockchain founded in 2017 by MIT professor Silvio Micali that uses Pure Proof of Stake (PPoS) and pseudorandom functions. Algorand is a Boston-based open-source software company working towards building a borderless economy. They’ve developed a permissionless, Pure Proof-of-Stake protocol with open participation, scalability, security and transaction finality. This project is considered as the new generation “Blockchain 3.0”, as it solves Bitcoin’s well-known scalability problems whilst maintaining a complete security and decentralization. Algorand is a payment and smart contract focused cryptocurrency network thriving to improve the performances of blockchain systems.
This data was last updated 2021-01-24 02:19:16 UTC