Algorand is a block chain protocol proposed in 2016 by Silvio Micali, professor of MIT Department of Mechanical Engineering and Computer Science, and co-worker. Algorand is dedicated to solving the "block chain impossible triangle" problem by using a platform that can achieve decentralization, scalability and security.
Algorand provides a platform for existing businesses and new projects to operate in the emerging Decentralized Economy of the world. Algorand's first license-free pure equity certification mechanism provides billions of users with the scale, open participation and transaction finality they need to build systems of all kinds.
Algorand does not introduce incentive mechanism or issue digital encryption currency. The project itself has a broad market space. Through BA* consensus mechanism and password lottery technology innovation, Algorand improves the efficiency of block chain, expands the application prospects of block chain, and enjoys a high reputation in Silicon Valley.
Asset name: Algorand
Total Circulation: 2,923,117,051 ALGO
Circulating Supply: 312,845,208 ALGO