Hi we’re Algorand!
By using a consensus algorithm called PPoS (Pure Proof of Stake), Algorand claims to have solved this trilemma, offering all three aspects: security, scalability and decentralization.
Algorand is founded by MIT professor and Turing Award winner Silvia Micali. The company has raised 66 million USD in funding from venture capital firms, as well as another 60 million USD in an ICO round in June 2019.
To address the blockchain’s scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of transaction volume or number of users.
Slogan / Motto
Technology that enables frictionless finance
Silvio Micali Founder
In 2017, Silvio founded Algorand, a fully decentralized, secure, and scalable blockchain which provides a common platform for building products and services for a borderless economy. At Algorand, Silvio oversees all research, including theory, security and crypto finance.
Silvio is the recipient of the Turing Award (in computer science), of the Gödel Prize (in theoretical computer science) and the RSA prize (in cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences and Accademia dei Lincei.
Silvio has received his Laurea in Mathematics from the University of Rome, and his PhD in Computer Science from the University of California at Berkeley.
W. Sean Ford Chief Operating Officer
At the start of his professional career Sean spent seven years as a senior strategy consultant with Monitor Group, and in 1999 he co-founded Upromise, Inc. where he was vice-president of product management and product marketing.
Sean earned a Bachelor of Arts in English from Williams College and a Masters in Business Administration from Harvard University Graduate School of Business.
Steve Kokinos Chief Executive Officer
Steve is a serial entrepreneur, most recently co-founder and Executive Chairman of Fuze, where he was responsible for corporate strategy. Under his direction, the company transformed the way enterprises view collaboration as a key driver of business visibility, process improvement, and results. Today, Fuze has over 700 employees servicing over 1500 enterprise customers around the world.
Prior to Fuze, Steve was co-founder of BladeLogic, Inc., a recognized leader in the data center automation market with a Fortune 500 client list including GE, Time Warner, Microsoft, Cable & Wireless, Walmart, and Sprint, among others. Bladelogic held a successful IPO and was later acquired by BMC Software for ~$800M.
Prior to BladeLogic, Steve was co-founder and CEO of Web Yes, Inc., an early market leader in the Web hosting and application service provider arena that provided infrastructure services for Sun Microsystems, Netscape, and Lycos, among others. Web Yes was acquired by Breakaway Solutions in 1999.
Customers / Partners
What is Algorand? A Speedy, Scalable Platform for Dapps
Security, scalability, and decentralization often don't mix. Algorand is hoping to be the solution to this blockchain scalability trilemma.
11 days ago
Algorand pledges carbon-negative blockchain
Algorand and ClimateTrade are working on a sustainability oracle that would drive down carbon emissions.
19 days ago
Vesta Equity and Algorand breathe new life into real etate tokenization
Vesta's new platform gives homeowners the ability to convert equity into digital assets that can then be sold to accredited investors without compounding interest.
a month ago
Balancer Ventures Outside Ethereum, Aims to Be Algorand's Uniswap
DeFi projects continue to look for proof-of-stake blockchains that can manage a lot of transactions with lower costs.
a month ago
Ethereum-based DeFi protocol Balancer to expand on Algorand
Decentralized finance (DeFi) protocol Balancer, built on Ethereum, is set to expand on Algorand. The post Ethereum-based DeFi protocol Balancer to expand on Algorand appeared first on The Block.
a month ago