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    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

    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)

    Team Members

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

    Silvio Micali


    Steve Kokinos - Algorand - Team Member

    Steve Kokinos


    - Algorand - Team Member

    W. Sean Ford


    0 (69)

    Naveed Ihsanullah

    Head of Engineering


    Prof. Nickolai Zeldovich

    Associate Professor at MIT

    (no title)

    Sergey Gorbunov

    Head of Cryptography


    Jing Chen

    Head of Theory Research and Chief Scientist

    Advisory board


    Andrew Lo

    Economic advisor


    Christian Catalini

    Economic advisor

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

    Shafi Goldwasser

    Scientific advisor


    Costantinos Daskalakis

    Scientific advisor

    Founder & CEO of AngelList

    Naval Ravikant

    Cryptocurrency advisors

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

    Alessandro Chiesa

    Cryptocurrency advisors


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