Algorand is a cryptocurrency protocol providing proof-of-stake on a blockchain. Algorand's native cryptocurrency is called ALGO. Algorand was founded in 2017 by Silvio Micali, a professor at MIT. The Algorand test network was launched to the public in April 2019, and the main network was launched in June 2019. Algorand has a negligible energy consumption per transaction. Algorand is composed of the company Algorand, a private corporation based in Boston, and the nonprofit Algorand Foundation Ltd., incorporated in Singapore. Algorand Foundation Ltd. manages award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. The core development of the Algorand protocol is overseen by Algorand Inc.. More information...
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