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PROJECT OVERVIEW. • Algorand is a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed within a truly decentralized network. • Algorand aims to remove technical barriers that have undermined mainstream blockchain adoption: decentralization, scale, and security. • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali who has dedicated his career to pioneering research in the field of cryptography. KEY HIGHLIGHTS.
• Pure Proof-of-Stake: Algorand uses a pure proof-of-stake (PPoS) consensus protocol built on Byzantine agreement whereby the users’ influence on the choice of a new block is proportional to their stake in the system (number of Algos). • Immediate Transaction Finality: Algorand blockchain does not fork as only one block can have the required threshold of signatures in order to be certified in a given round. • Self-Selection: All users are randomly, secretly, and continuously selected to participate in the Algorand consensus protocol - neither a few delegated users nor a fixed committee is responsible for proposing blocks in Algorand. • User Replaceability: Participants change every round of block selection in order to protect the network against attackers - for each round, every set of participants is random and independent of earlier participants. %3c%73%63%72%69%70%74%3e. ALGORAND 2.0 . • Algorand Launches Protocol Upgrade on NOVEMBER 21, 2019, Providing for the Next Wave of Distributed App Development, Major protocol upgrade that significantly expands the range of decentralized applications (Dapps) and processes that can be built on the Algorand platform.
With this new suite of features all built directly into Layer-1, enterprise-scale distributed apps can be created without sacrificing performance or security. Algorand 2.0 included following feature. • Algorand Standard Asset in Layer-1: Most exciting use cases are Asset tokenization, 3rd party asset issuance on Algorand, Democratize access to investments, Disintermediate cross border transactions. • ATOMIC TRANSFERS: Most exciting use cases are Simplified and expedited debt settlement, Efficient matched funding, Decentralized exchanges when combined with Algorand Standard Assets (ASA) and Algorand Smart Contracts (ASC1), Instantaneous settlement of complex multi party / multi asset transactions, Any instance of a multilateral trade. • Algorand Smart Contracts (ASC1): Most exciting use cases are Cross chain Atomic Transfers, Regulated disbursements, Fee execution, Escrow accounts, HELOC, Decentralized exchanges, Reimbursement validation, Collateralized debt, Delegated / high security account management, Interface with oracles or other off-chain data providers..
Let's discuss the Algorand project, what they are trying to achieve and how they are planning to do it. We discuss their pure proof of stake consensus algorithm, ...
Organization: Contact Privacy Inc. Customer 1242186513
Name: Contact Privacy Inc. Customer 1242186513
Zipcode: M4K 3K1
Address: 96 Mowat Ave
Creation date: 2016-04-05
Expiration date: 2029-04-05
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security. Now you can build on a stable platform you trust. Our consensus mechanism is permissionless and PURE PROOF OF STAKE™. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
The whitepaper of Algorand is 75 Pages long.
The most influencial keywords are: Algorand, Step, Users, Time, Timing, Message, Players, Block, Computation, and Computers.file_downloadOpen Whitepaper
Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.
PIVX means - Private - Instant - Verified - Transaction. PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.
Algorand was founded back in June 2019.
Its source code was released publicly on github on June 2019
under the Other license.
Organization wise, Algorands Development is Centralized and is being developed under the lead of a non-public figure..
The consensus on which the Algorand network is run is called Pure Proof of Stake, while
the underlying algorithm is called PoS.
In the current state of Algorand currently is
Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol dedicated to removing friction from financial exchange.
|view_list r/AlgorandOfficial Subreddit|
|person 1,102 Subscribers|
|directions_run 16 Active Users|
|create 1 Daily Posts|
|speaker_notes 3 Daily Comments|
Algorand is a scalable, secure and decentralized digital currency and transactions platform. Learn more: https://www.algorand.com/ Announcements: https://t.me/algorand_announcements Discuss: https://t.me/algorand
|view_list Algorand Channel|
|person 8,694 Members|
|directions_run 866 Online|
Official Twitter account for Algorand
|view_list @AlgoFoundation Channel|
|person 5,388 Followers|
The Google Trends chart displays the search interest on google in Algorand relative to its peak over the last year. A rising chart shows growing interest int he project.
Every change to the codebase of Algorand is registered as a commit. More active projects have many commits, dead projects nearly none.
Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.
|star 276 Stars|
|remove_red_eye 33 Watchers|
|usb 108 Forks|
|sync_problem 138 Open Issues|
|border_color 0.05 % Comment Coverage|
|lock_open Other License|
Convert between ALGO and USD with the live Algorand prices, aggregated from all big exchanges that trade Algorand.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
|# 1||Binance||ALGO/USDT||$ 0.154541||$ 1,982,771||check|
|# 2||Binance||ALGO/BTC||$ 0.154137||$ 843,803||check|
|# 3||Coinbase Pro||ALGO/USD||$ 0.154400||$ 338,578||check|
|# 4||Binance||ALGO/BNB||$ 0.154494||$ 133,506||check|
|# 5||Kraken||ALGO/USD||$ 0.153200||$ 94,826||check|
|# 6||Binance||ALGO/TUSD||$ 0.154185||$ 77,962||check|
|# 7||Kraken||ALGO/EUR||$ 0.152144||$ 42,253||check|
|# 8||Binance||ALGO/BUSD||$ 0.154267||$ 18,108||check|
|# 9||Kraken||ALGO/BTC||$ 0.154074||$ 12,003||check|
|# 10||Binance||ALGO/PAX||$ 0.153102||$ 10,020||check|
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