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Release
2019
Ticker
ALGO
Creator
Silvio Micali
Algorand is a decentralized network built to solve the blockchain trilemma to achieve speed, security and decentralization at the same time. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is an unofficial and open blockchain network that anyone can build. Algorand is designed as a payment-centric network with fast transactions and a strong focus on achieving near-instantaneous finality - that is, processing over 1,000 transactions per second (TPS) and reaching transaction finality in less than five seconds.
Algorand is a great project. It enables developers (individual and organizational) to build applications in areas such as gaming, securities, identity, supply chain, and decentralized finance. It has over 500 use cases and has a great future ahead of it.
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