Algorand
Network Name: Algorand
Currency Name: algo
Ticker: ALGO
Mining: Proof of Stake
Founders: Silvio Micali
Launch Date:2017, publicly in 2019
Target: Financial Services
KEY HIGHLIGHTS
- 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.
MISSION
- Global trust through decentralization
- Simple designs that drive adoption by billions of people
- Elegant technology that eliminates barriers to prosperity for all
WHITE PAPER
Linked here.