Founded by Turing Award-winning cryptographer Silvio Micali, Algorand, Inc. is the technology company that developed the Algorand blockchain protocol. The platform is designed to solve the "blockchain trilemma" by offering scalability, security, and decentralization simultaneously. It utilizes a unique Pure Proof-of-Stake (PPoS) consensus mechanism that allows for high transaction speeds and low costs without compromising security. The Algorand ecosystem is supported by both Algorand, Inc., which focuses on enterprise adoption and development of the core technology, and the Singapore-based Algorand Foundation, which focuses on ecosystem growth, governance, and research.

Founded in

United States