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    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

    usv-type-3-6red-logoLemniscap logoMetaStable LogoTransference fund6-Nirvana logo-minKOSMOS Logo3.0 capital logo11-11 VenturesAlgocapital logoAppliedcrypto logoBixin logoBrainchild logoCmb international logoEterna logoFoundationCap logoHexCap logoimo ventures logoLvna capital logoMozaik capital logoMulticoin capital logoNewstyle capital logoPolybius logoQCP logoSpark pool logoneo global capitalYoubi capital logo

    Press

    unnamed2000px-MIT_Technology_Review_logo.svgdownloaddownloaddownload (1)harvard-business-review-logo-FD07ED9958-seeklogo.com

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