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 of America
surface form: 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 Assets
surface form: 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 blockchain protocol
this entity surface form: Algorand Inc.
Algorand Foundation focusesOn Algorand blockchain protocol
this entity surface form: Algorand blockchain
Algorand Foundation usesConsensusMechanism Algorand blockchain protocol
this entity surface form: Pure Proof-of-Stake
Algorand Foundation associatedWith Algorand blockchain protocol
this entity surface form: Algorand
ALGO nativeTokenOf Algorand blockchain protocol
this entity surface form: Algorand blockchain
ALGO consensusMechanism Algorand blockchain protocol
this entity surface form: Pure Proof-of-Stake
ALGO blockchainPlatform Algorand blockchain protocol
this entity surface form: Algorand
ALGO network Algorand blockchain protocol
this entity surface form: Algorand mainnet
ALGO consensusParticipants Algorand blockchain protocol
this entity surface form: Algorand validators
ALGO isNativeTo Algorand blockchain protocol
this entity surface form: Layer-1 Algorand protocol
Algorand Standard Assets platform Algorand blockchain protocol
this entity surface form: Algorand blockchain
Algorand Standard Assets implementedIn Algorand blockchain protocol
this entity surface form: Algorand Layer-1 protocol
Algorand Standard Assets governedBy Algorand blockchain protocol
this entity surface form: Algorand protocol rules
PyTeal targetPlatform Algorand blockchain protocol
this entity surface form: Algorand blockchain