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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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Enterprise Blockchain Is at a Private-Public Crossroads
Jan 06 · CoinDesk · Over the last year we have seen consulting firms, technology providers and large cloud players look to better define their strategies for enterprise blockchain in hopes of trying to push the industry past the trough of disillusionment.
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Crypto Markets Jump on OCC Approval for Banks to Use Blockchains
Jan 05 · CoinDesk · Cryptocurrency prices jumped Monday evening as digital asset markets reacted positively to a letter published by the U.S. Office of the Comptroller of the Currency (OCC) approving U.S. banks to use public blockchain networks.
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Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles
Dec 24 · CoinDesk · Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours.
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Ajit Tripathi: Why I'm Long Crypto, Short DLT
Dec 23 · CoinDesk · Long open internet, short consortium Just before bitcoin and Ethereum started a very sharp rise, I wrote an article challenging Chris Skinner, a close friend who is one of the world’s foremost fintech experts.
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China’s crypto landscape: How CBDCs drove blockchain adoption in 2020
Dec 19 · Coin Telegraph · Speaking on the status of blockchain adoption this year and the plan for next year, Claude Jiang, general manager of Xiaomi Digital Fintech, told Cointelegraph: On April 25, the national-level blockchain platform “Blockchain-based Service Network,” or BSN, was put into worldwide commercial use by the State Information Center, a Chinese government institution.
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