Algorand blockchain protocol
E87625
layer-1 blockchain
public blockchain protocol
pure proof-of-stake blockchain
smart contract platform
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.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Algorand Inc. | 1 |
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 NERFINISHED ⓘ |
| 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 Assets
ⓘ
surface form:
Algorand Standard Asset
|
| uses | Verifiable Random Function ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Algorand Inc.