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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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Banks Edge Closer to Ethereum 2.0 Staking
Jun 16 · CoinDesk · “Ethereum 2.0 is a really big deal,” said Richter, who predicts the transition will make holding ETH in a wallet and earning interest as simple in form as holding a checking account with a bank.
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Ex-PayPal Execs Launch Cross-Border Payments Network on Algorand
Jun 15 · CoinDesk · Algorand is getting a payments network that looks to zap USDC stablecoins across borders.
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Former PayPal employees launch decentralized cross-border payment network on Algorand
Jun 15 · The Cointelegraph · In an announcement today, fintech infrastructure firm Six Clovers said it had launched its RAPID network connecting banks, merchants, and payment providers, allowing clients to transact in digital currencies and fiat.
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Algorand (ALGO) price strengthens as institutional investors back the project
Jun 14 · Coin Telegraph · One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi-million-dollar funds in recent weeks.
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Arrington Capital to back Algorand projects with $100M growth fund
Jun 10 · The Cointelegraph · Support for the Algorand ecosystem appears to be growing, with digital asset manager Arrington Capital earmarking $100 million for projects building on the smart-contract platform.
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