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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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Algorand Targets Insurance Fraud With New Partnership
May 21 · The Cointelegraph · Distributed ledger technology (DLT) firm Algorand has partnered with blockchain-based tamper-proof media verification platform Attestiv to target fraud within the insurance industry.
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Ethereum 2.0 Staking, Explained
May 19 · Coin Telegraph · Several other large blockchains are already running a proof-of-stake consensus, including Tezos, Algorand and Qtum.
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Algorand’s Releases Pointproofs to Upgrade Fundamental Blockchain Cryptography
Apr 28 · Coin Telegraph · The team believes they are a significant improvement to the Merkle proofs used in many blockchain systems.
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BitGo Offers Tax Tracking Services for Institutional Clients by Acquiring Lumina
Apr 16 · Coin Telegraph · BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders.
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Algorand Partnership Offers Integrated Accounting to Token Holders
May 08 · Coin Telegraph · Crypto tax provider Verady has announced a partnership with Algorand (ALGO) to offer integrated accounting to ALGO holders.
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