Algorand: A blockchain platform based on a pure Byzantine consensus protocol
Algorand is a blockchain platform built on a pure Byzantine consensus protocol, aiming to provide efficient , secure and scalable blockchain solutions. The platform was founded in 2017 by MIT professor Silvio Micali.
How it works
The core of Algorand lies in its unique pure Byzantine consensus protocol, the Algorand consensus. This protocol allows nodes to achieve consensus in a trustless environment, even if there are malicious nodes in the network. Algorand consensus achieves this goal through a series of steps.
Algorand also uses the following mechanisms to improve scalability and security:
These mechanisms work together to enable Algorand to achieve high throughput, low latency, and strong security.
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