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

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