Algorand (ALGO) is a blockchain project developed by Silvio Micali, Professor of MIT, winner of Gödel prize and winner of Turing Award. The project successfully raised a $4 million seed round financing, with investors including renowned venture capital Pillar and Union Square Ventures.
Algorand does not introduce incentive mechanism or distribute digital cryptocurrency. The project itself has a broad market. Through BA * consensus mechanism, password draw and other technical innovation, Algorand improves the efficiency of blockchain, expands the application prospect of blockchain, and enjoys a high reputation in Silicon Valley.
Full Name in English：Algorand
Full Name in Chinese：/
BIXIN Capital、Continue Capital、Sparking Digital Capital、NGC(NEO Global Capital)、Kosmos Capital、Nirvana Capital、Figment Networks、Arrington XRP Capital、LD Capital、Collaborative Fund、P2P Capital、Transference Capital、Foundation Capital、Polybius Capital、Digital Asset Capital Management、Multicion Capital、Lemniscap
Issue date: June 17, 2019
Official Website: https://www.algorand.com/
White Paper Link：https://www.algorand.com/resources/white-papers/
Statement: this introduction is referenced from the white paper and other official materials released by the official project team, so that investors can better understand the token and its corresponding projects. The content of this paper obtains information through legal materials to ensure the reliability, accuracy and completeness of the information as far as possible, but it does not guarantee the accuracy and integrity of the information in the report. The content of this paper can not be used as the basis of investment research decision, moral, responsibility and legal basis or evidence, whether it has been expressed or implied.