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unrated

Algorand

Algorand is a new cryptocurrency utilizing a “Byzantine Agreement on Steroids” consensus protocol that proposes a solution for blockchain scalability, long transaction confirmation times, and the high energy consumption with Proof-of-Work (PoW) blockchains.
A test prototype of Algorand has demonstrated Algorand’s capability to perform with: 125x the transaction throughput of Bitcoin whilst scaling well to 500,000 users, Transaction confirmation times within a minute and a significantly small probability of forks, Trivial computations that require a few seconds of computation and do not require extensive computing power, miners, or proof of work to be done, Security against strong adversaries in the network
Algorand’s token will be used to collect pending transactions in the network and create a new block with them, verify their legitimacy by ensuring there are no fake transactions or attempts to double spend.

Dutch Auction Ended

19 Jun 2019

Total Hardcap
$2,500,000,000

Token: ALGO

Token type: Native

ICO price: 1 ALGO = $0.6 USD

Finite token number: 10,000,000,000‬ ALGO

Token Allocation: 30% Auction | 25% Relay Node Runners | 25% Algorand Foundation | 17.5% Participation Rewards | 2.5% End User Grants

Availability: United States of America and its territories, Canada, Democratic People's Republic of Korea, Cuba, Syria, Iran, Sudan, Republic of Crimea, People's Republic of China Not Allowed to Participate

Status: Whitepaper is ready

Accepted Currencies: USD

Dutch Auction

Date: Jun 19th, 2019
Cap: 250,000,000 ALGO (~2,500,000,000‬ USD)

Community

Twitter

Telegram

Project Links

Website
Facebook
Reddit
Linkedin
Medium

Team Members

image002
Computer scientist at MIT Computer Science and Artificial Intelligence Laboratory,. Received the Turing Award for the year 2012

Silvio Micali

Founder

Steve Kokinos - Algorand - Team Member

Steve Kokinos

CEO

- Algorand - Team Member

W. Sean Ford

COO

0 (69)

Naveed Ihsanullah

Head of Engineering

nickolai-0

Prof. Nickolai Zeldovich

Associate Professor at MIT

(no title)

Sergey Gorbunov

Head of Cryptography

P79

Jing Chen

Head of Theory Research and Chief Scientist

Advisory board

Andrew-Lo-2

Andrew Lo

Economic advisor

Christian-Catalini

Christian Catalini

Economic advisor

Shafi-Goldwasser
Professor of electrical engineering and computer science at MIT, Received the Turing Award for the year 2012

Shafi Goldwasser

Scientific advisor

TeamImages

Costantinos Daskalakis

Scientific advisor

Naval
Founder & CEO of AngelList

Naval Ravikant

Cryptocurrency advisors

Alessandro-Chiesa-3
A world expert in cryptography, is a faculty member in computer science at UC Berkeley.

Alessandro Chiesa

Cryptocurrency advisors

Investors

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Press

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