Algorand blockchain protocol

E87625

Algorand blockchain protocol is a scalable, secure, and energy-efficient public blockchain platform designed by cryptographer Silvio Micali that uses a pure proof-of-stake consensus mechanism.

All labels observed (10)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf layer-1 blockchain
public blockchain protocol
pure proof-of-stake blockchain
smart contract platform
basedOn Byzantine agreement
blockTime about 3.5 seconds
consensusLayer on-chain
consensusMechanism pure proof-of-stake
consensusProperty random committee selection
stake-weighted participation
consensusRole block proposers
committee verifiers
creator Silvio Micali
designedBy Silvio Micali
designGoal decentralization
energy efficiency
scalability
security
developedBy Algorand Inc.
energyConsumptionProfile low energy usage
feeModel low transaction fees
finalityType instant finality
governedBy Algorand Foundation
hasFeature fast transaction finality
high throughput
layer-1 smart contracts
permissionless validators
launchYear 2019
ledgerType account-based
mainnetLaunchDate 2019-06-19
nativeCryptocurrency ALGO
networkType public
originCountry United States
securityProperty forkless finality
permissionless participation
smartContractLanguage PyTeal
TEAL
supports ASA stablecoins
Algorand Standard Assets
DeFi applications
NFTs
atomic transfers
enterprise applications
rekeying
smart contracts
stateful smart contracts
stateless smart contracts
tokenStandard Algorand Standard Asset
uses Verifiable Random Function

How these facts were elicited

Referenced by (15)

Full triples — surface form annotated when it differs from this entity's canonical label.

Silvio Micali notableWork Algorand blockchain protocol
Silvio Micali founderOf Algorand Inc.
linked to: Algorand blockchain protocol
Algorand Foundation focusesOn Algorand blockchain
linked to: Algorand blockchain protocol
Algorand Foundation usesConsensusMechanism Pure Proof-of-Stake
linked to: Algorand blockchain protocol
Algorand Foundation associatedWith Algorand
linked to: Algorand blockchain protocol
ALGO nativeTokenOf Algorand blockchain
linked to: Algorand blockchain protocol
ALGO consensusMechanism Pure Proof-of-Stake
linked to: Algorand blockchain protocol
ALGO blockchainPlatform Algorand
linked to: Algorand blockchain protocol
ALGO network Algorand mainnet
linked to: Algorand blockchain protocol
ALGO consensusParticipants Algorand validators
linked to: Algorand blockchain protocol
ALGO isNativeTo Layer-1 Algorand protocol
linked to: Algorand blockchain protocol
Algorand Standard Assets platform Algorand blockchain
linked to: Algorand blockchain protocol
Algorand Standard Assets implementedIn Algorand Layer-1 protocol
linked to: Algorand blockchain protocol
Algorand Standard Assets governedBy Algorand protocol rules
linked to: Algorand blockchain protocol
PyTeal targetPlatform Algorand blockchain
linked to: Algorand blockchain protocol