Algorand - Valkyrie
 

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.