• Index
  • Resources
  • NewNewest
  • +Submit
  • Dashboard Coming Soon
    • Submit New...
    • Index
    • Resource
    +
  • Interchain info © 2023

  • All
  • Index
  • Resources
Algorand
Algorand

Algorand

BlockchainsEcosystems

Algorand is a scalable, secure, and decentralized digital currency and transactions platform. It was founded by Silvio Micali, a Turing Award-winning cryptographer and MIT professor. Algorand aims to solve the three main challenges faced by blockchains today, also known as the blockchain trilemma: security, scalability, and decentralization.

Explore Ecosystem

Note: Currently, Algorand has not integrated IBC nor any other trustless bridge solution. At the moment, its connection to other chains is dependent on trusted and/or custodial bridges.

Introduction

Algorand is a unique blockchain designed to deliver decentralization, scale, and security for all participants. It was developed to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand’s platform is designed to create a transparent system in which everyone can achieve success through decentralized projects and applications.

Technology and Features

Algorand uses a consensus algorithm called Pure Proof-of-Stake (PPoS). In this system, the users’ influence over the choice of a new block is proportional to their stake in the system (the number of Algos they hold). This approach ensures that all Algos in circulation have a chance to be chosen to propose blocks.

Algorand’s PPoS approach offers immediate transaction finality, meaning there are no forks in the chain. Once a block appears, users can rely on the transactions it contains, resulting in fast, secure, and efficient transfers.

Algorand Standard Assets (ASA)

Algorand Standard Assets (ASA) are a standardized Layer-1 mechanism to represent any type of asset on the Algorand blockchain. These could include fungible assets (such as currencies or stablecoins), non-fungible assets (like real estate or art), and more complex types of assets involving roles, whitelists, and clawback options.

CONTENTS

  • Introduction
  • Technology and Features
  • Algorand Standard Assets (ASA)

Interchain Info

Support ICI

Donate
Send feedback
Stake with us

Social

Twitter
Discord
Telegram

Links

Terms of Service
Privacy Policy
Documentation

Spark Family

Spark IBC
Airdrops
Validation services

Interchain info © 2023

Related Blockchains Indexes

  • Blast

    Blast
    Featured
    Verified

    Ethereum L2 solution Blast provides native yield for ETH and stablecoins, enhancing asset value and developer involvement.

    Ecosystems
  • Nois

    Nois
    Featured
    Verified

    A cornerstone for secure and unbiased randomness in the Cosmos ecosystem, fostering enhanced fairness and security in decentralized applications.

    Blockchains
  • Namada

    Namada
    Featured
    Verified

    Namada is a blockchain protocol dedicated to ensuring multichain privacy through innovative features and collaborations.

    Blockchains
  • Celestia

    Celestia
    Featured
    Verified

    A scalable, secure, and decentralized blockchain platform with a unique architecture and vibrant community.

    Ecosystems
  • Aleo

    Aleo
    Featured
    Verified

    Aleo utilizes zero-knowledge cryptography for a private, secure internet experience, championing user data ownership and decentralized apps.

    Blockchains
  • Fantom

    Fantom
    Featured
    Verified

    Fantom is revolutionizing the blockchain landscape with its high-speed transactions, robust security, and seamless interoperability.

    Ecosystems