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Algorand is a proof of stake blockchain platform.


Algorand was founded by Silvio Micali in 2017 and launched in April 2019. It's designed to provide a scalable, secure, and decentralized environment for building applications and executing transactions. The platform aims to address the trilemma of blockchain scalability, security, and decentralization by leveraging its consensus mechanism and other technical innovations. Algorand supports both fungible and non-fungible tokens, making it suitable for a wide range of use cases, from financial applications to decentralized applications (DApps). The platform's focus on performance and scalability has attracted attention from developers and institutions looking for blockchain solutions with high throughput and low latency.

Technical details

The blockchain has a native cryptocurrency called ALGO.

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