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Algorand (ALG)

ICO

Algorand is decentralized digital currency and transactions platform.

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Overview

Project industryFinance Services & Banking
Product typePlatform

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What is Algorand

For each block of transactions, Algorand randomly selects a small, one-time group of users. To protect them from attackers, the identities of these users are hidden until the block is confirmed. The size of this group remains constant as the network grows.

Any currency representing a significant fraction of the world’s money will be attacked at the user level, the protocol level, and the network level. Algorand remains secure in the face of attacks.

Confirming transactions with Algorand does not require solving cryptographic puzzles. The consensus protocol is both computationally and energy efficient, which keeps transaction costs low. With no heavy lifting, even small players can transact. Algorand  transactions are confirmed instantly, and transferred money is immediately available.

Algorand is fully decentralized. Every decision is reached by consensus and represents the will of the majority. All transactions are created and treated equally, regardless of size.

Algorand is guaranteed to work securely if the majority of the money in the system is owned by honest users. A user in Algorand does not need to put any fraction of his money at stake. A user’s money always remains in her hands, ready to be spent how she wishes.

Legal

Blockchain Platform: Ethereum
Registration country: United States

Token info

Ticker: ALG
Type: Utility-token

Project team

Silvio Micali
Silvio Micali
Naveed Ihsanullah
Naveed Ihsanullah
Nickolai Zeldovich
Nickolai Zeldovich
Jing Chen
Jing Chen
Sergey Gorbunov
Sergey Gorbunov
Rotem Hemo
Rotem Hemo
Georgios Vlachos
Georgios Vlachos
Derek Leung
Derek Leung
David Shoots
David Shoots
Adam Suhl
Adam Suhl
Jamie Goldstein
Jamie Goldstein
Albert Wenger
Albert Wenger
Steven Kokinos
Steven Kokinos

Advisors

Andrew Lo
Andrew Lo
Christian Catalini
Christian Catalini
Kenneth Rogoff
Kenneth Rogoff
Shafi Goldwasser
Shafi Goldwasser
Costantinos Daskalakis
Costantinos Daskalakis
Vinod Vaikuntanathan
Vinod Vaikuntanathan
Maurice Herlihy
Maurice Herlihy
Naval Ravikant
Naval Ravikant
Alessandro Chiesa
Alessandro Chiesa
Joseph Bonneau
Joseph Bonneau
Jill Carlson
Jill Carlson

Social media

Algorand web-siteAlgorand RedditAlgorand MediumAlgorand TelegramAlgorand LinkedInAlgorand TwitterAlgorand FacebookAlgorand Discord

User rating:

4/5 ( 4 )
0

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