Algorand

Algorand is a pure proof-of-stake Layer 1 blockchain founded by Turing Award-winning cryptographer Silvio Micali at MIT. The platform is designed for speed, security, and decentralization, featuring instant transaction finality with no possibility of forks. Algorand uses a unique Pure Proof of Stake consensus mechanism where validators are selected randomly and secretly through a cryptographic sortition process. The blockchain supports smart contracts through AVM (Algorand Virtual Machine) an...

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