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.
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