Algorand ALGO

Algorand is a scalable, secure and decentralized digital currency and transactions platform.
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About

Algorand is founded and led by MIT Professor, Silvio Micali who has worked on fundamental technologies such as the zero-knowledge proof, and was the recipient of the Turing award.

Algorand uses a pure Proof-of-Stake consensus mechanism (as opposed to the Bonded or Delegated ones) that creates a blockchain that is not susceptible to forks which allows it to reach consensus on a new block with low latency. Algorand has instant transaction finality and new blocks can be generated as fast as you can propagate through the network; if you see a block and you see a transaction in it, you can rely on it, as it will never disappear from the blockchain. Unlike many other blockchains, Algorand does not reward validators with newly minted tokens.

Theoretically, it has the capacity to confirm transactions to many users within seconds and make the transferred funds available immediately, which is an appropriate speed for use cases like payments in large enterprises.


Recent News
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Introducing the 20
Jul 08 · CoinDesk · CoinDesk’s research team analyzed several studies on the veracity of trading volumes on cryptocurrency exchanges.
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Algorand Joins Blockchain Gaming Alliance After Bringing Chess to DLT
Jul 02 · Coin Telegraph · An American blockchain technology startup, Algorand, has joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA.
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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network
Jul 07 · Bitcoin News · The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP).
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This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat
Jul 03 · Coin Telegraph · Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world.
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Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap
Jul 03 · Coin Telegraph · USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization.
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