Algorand Technologies
We are the builders of Algorand, the high performance Layer-1 blockchain. Let us unlock the power of Algorand for you.
Algorand is a blockchain technology company that aims to solve the blockchain trilemma: achieving scalability, security, and decentralization simultaneously. Founded by Silvio Micali, a Turing Award-winning cryptographer, Algorand provides a platform that enables the creation of decentralized applications and digital currencies with high efficiency and low transaction costs.
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2017
English, etc
Website Key Features
Pure Proof of Stake
A unique consensus mechanism that ensures full participation, protection, and speed within a truly decentralized network.
Scalability
Algorand's blockchain is designed to handle a high volume of transactions with minimal delay, supporting the growth of decentralized applications.
Security
Advanced cryptographic techniques ensure that the Algorand network is secure against attacks, protecting users' assets and data.
Decentralization
Algorand achieves true decentralization, allowing every participant in the network to have a voice in the consensus process.
Low Transaction Costs
The Algorand network is optimized for low transaction fees, making it cost-effective for users and developers.
Smart Contracts
Algorand supports the creation and execution of smart contracts, enabling complex decentralized applications.
Atomic Transfers
Allows for the simultaneous transfer of multiple assets among multiple parties, ensuring transactions are completed only if all parties agree.
Layer-1 Solutions
Algorand's blockchain provides Layer-1 solutions for scalability and smart contracts, reducing the need for additional layers or off-chain solutions.
Algorand Standard Assets (ASAs)
A feature that allows for the creation of new assets or the tokenization of existing assets on the Algorand blockchain.
Developer Tools
Comprehensive tools and resources are available for developers to build on the Algorand platform, including SDKs, APIs, and documentation.
Similar Sites and Competitors
Additional information
Founder
Silvio Micali, a professor at MIT and a recipient of the Turing Award for his work in cryptography.
Headquarters
Boston, Massachusetts, United States.
Native Cryptocurrency
ALGO, used for transactions, participation in consensus, and as a store of value.
Network Participation
Open to anyone who holds ALGO, allowing for a truly decentralized and inclusive network.
Environmental Impact
Algorand is committed to sustainability, with a carbon-negative blockchain that minimizes environmental impact.
HTTP headers
Security headers report is a very important part of user data protection. Learn more about http headers for algorand.com