About Algorand (ALGO)
Algorand (ALGO) builds technology that accelerates the convergence between decentralized and traditional finance by enabling the simple creation of next generation financial products, protocols and exchange of value. The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists.
Algorand (ALGO) With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy. A world where everyone creates and exchanges value efficiently, transparently, and securely.
Algorand (ALGO) dashboard below measures the current scale, security, decentralization and adoption of the open source Algorand protocol. The metrics are updated on a per block basis, so as to provide a real time perspective on Algorand’s high performance and growing adoption
Algorand (ALGO) Coin Storage Key Points
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Algorand (ALGO) Video
Innovation and Research
Algorand (ALGO) Silvio Micali and his team of leading cryptographers, computer science experts,mathematicians and economists are focused on developing tech that will empower users to be successful in the brave new world.
Vault: Fast Bootstrapping for the Algorand Cryptocurrency
Algorand (ALGO) Abstract: Decentralized cryptocurrencies rely on participants to keep track of the state of the system in order to verify new transactions. As the number of users and transactions grows, this requirement becomes a significant burden, requiring users to download, verify, and store a large amount of data to participate. Vault is a new cryptocurrency design based on Algorand that minimizes these storage and bootstrapping costs for participants. Vault’s design is based on Algorand’s proof-of-stake consensus protocol and uses several techniques to achieve its goals.
Algorand: Scaling Byzantine Agreements for Cryptocurrencies
Algorand (ALGO) uses a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions. To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions that allows users to privately check whether they are selected to participate in the BA to agree on the next set of transactions, and to include a proof of their selection in their network messages. In Algorand’s BA protocol, users do not keep any private state except for their private keys, which allows Algorand to replace participants immediately after they send a message. This mitigates targeted attacks on chosen participants after their identity is revealed.
Algorand (ALGO) Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle’s USDC is the fastest growing full-reserve stablecoin in the world, with 2.3 Billion in circulation.
Algorand (ALGO) IDEX is the world’s leading decentralized smart contract exchange to support real-time trading and high transaction throughput.
Algorand (ALGO) Republic is a private investing platform and technology services provider made up of numerous operating entities, that lets anyone invest in early stage companies.
Algorand (ALGO) Archax is the first digital securities exchange to receive FCA authorisation as a digital securities exchange, VASP, brokerage and custodian.
Algorand (ALGO) Tether leverages blockchain technology to allow users to store, send and receive stablecoins. USDT is the most widely traded cryptocurrency in terms of transaction volume, and has the third largest market cap of all cryptocurrencies.
Algorand (ALGO) Meld Gold delivers secure, seamless access to the acquisition of gold, allowing investors to transact in real time, reducing the volatility traditionally associated with the procurement of gold.
Algorand (ALGO) Team
Algorand (ALGO) Blending technical mastery and professional stability, the Algorand team consists of internationally recognized researchers, mathematicians, cryptographers, and economists along with proven business leaders from global technology companies.