Algorand (ALGO) is an open-source and permissionless public blockchain based on a pure proof-of-stake consensus protocol — the first of its kind to support the scale, open participation, and transaction finality for billions of users. Backed by a sustainable business and a renowned team of experts, Algorand overcomes the decentralization, security, and scalability barriers that have undermined mainstream blockchain adoption until now. After years of uncertainty and unfulfilled promises, Algorand is making the borderless economy possible by setting the standard for blockchain.
Algorand was founded by cryptography pioneer, Turing award winner, and Massachusetts Institute of Technology (MIT) professor Silvio Micali. Silvio designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economists.