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ALGOPublic
Algorand
Symbol
ALGO
Type
Public
Consensus
Pure Proof of Stake
Launch Date
19-06-2019
Founder(s)
Silvio Micali
Developer
Algorand Foundation
About Algorand
Algorand is a blockchain platform created by MIT professor and Turing Award winner Silvio Micali. Using its Pure Proof of Stake consensus mechanism, Algorand achieves immediate transaction finality with minimal energy consumption. The platform supports smart contracts through AVM (Algorand Virtual Machine) and has been adopted for various use cases including CBDCs, tokenized assets, and carbon credit markets. Algorand is known for its strong academic foundations and focus on institutional-grade performance.