Algorand is a new cryptocurrency that confirms transactions with latency on the order of a minute while scaling to many users. Algorand ensures that users never have divergent views of confirmed transactions, even if some of the users are malicious and the network is temporarily partitioned. Algorand 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 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.

Overview

Token Sale Upcoming
Country United States of America
S
Silvio Micali
RESEARCH & DEVELOPMENT
N
Naveed Ihsanullah
RESEARCH & DEVELOPMENT
N
Nickolai Zeldovich
RESEARCH & DEVELOPMENT
J
Jing Chen
RESEARCH & DEVELOPMENT
S
Sergey Gorbunov
RESEARCH & DEVELOPMENT
R
Rotem Hemo
RESEARCH & DEVELOPMENT
G
Georgios Vlachos
RESEARCH & DEVELOPMENT
D
Derek Leung
RESEARCH & DEVELOPMENT
D
David Shoots
RESEARCH & DEVELOPMENT
J
Jamie Goldstein
GOVERNANCE
A
Albert Wenger
GOVERNANCE
S
Steven Kokinos
GOVERNANCE
Advisors
A
Andrew Lo
ECONOMIC ADVISOR
C
Christian Catalini
ECONOMIC ADVISOR
K
Kenneth Rogoff
ECONOMIC ADVISOR
S
Shafi Goldwasser
SCIENTIFIC ADVISOR
C
Costantinos Daskalakis
SCIENTIFIC ADVISOR
V
Vinod Vaikuntanathan
SCIENTIFIC ADVISOR
M
Maurice Herlihy
SCIENTIFIC ADVISOR
N
Naval Ravikant
CRYPTOCURRENCY ADVISOR
A
Alessandro Chiesa
CRYPTOCURRENCY ADVISOR
J
Joseph Bonneau
CRYPTOCURRENCY ADVISOR
J
Jill Carlson
CRYPTOCURRENCY ADVISOR

Overview

Token Sale Upcoming
Country United States of America

Financial information

Platform Own Blockchain

Interest

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