What is Algorand (ALGO)?
Algorand is focused on developers, and their needs in order to create decentralized applications (dApps) to change the future.
Pure Proof-of-Stake (PPoS)
Algorand uses a variation of Proof-of-Stake to secure the network as it is a consensus mechanism. PPoS neither rewards nor puts user funds at risk of slashing
Decentralized applications (dApps) and finance (DeFi)
Various stakeholders including but not limited to fintech, startups, institutions and Defi are building upon the Algorand ecosystem to revolutionise the future.
No Hard Forks
Algorand takes a different approach by seeking consensus - meaning that the proposed changes must be voted on by the community to accept or reject the change,
Algorand Team & Partners
Algorand’s team boasts strong names, including that of MIT professor Silvio Micali, a coveted Turing award winner, cryptographic researcher, and co-inventor of significant protocols such as Verifiable Random Functions or Zero-Knowledge Proofs.