Proof of Stake
2017, publicly in 2019
- Algorand uses "pure" proof of stake so that each user's influence over new blocks reflects the user's stake.
- Block rewards are distributed to all ALGO holders, not just block producers.
- Designed to help create an open, borderless digital economy with the benefits of speed, scalability and security.
- Only 10 billion units of algo will be made.
Global trust through decentralization. Simple designs that drive adoption by billions of people. Elegant technology that eliminates barriers to prosperity for all.
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