About
Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.
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History
Funding Round
$66.00M
$66.00M · Youbi Capital, Lemniscap, Arrington Capital
Funding Round
$62.00M
$62.00M
Seed Round
$4.00M
$4.00M
Founded
Recent News
Which brings us to humanitarian aid 🌍HesabPay uses Algorand to deliver cash assistance to families in Afghanistan and S
UK’s First Water Credit System Now Flows Through Algorand
Will Algorand’s 30 Million EVM Breakthrough Send Price Soaring?
Algorand Foundation cuts 25% of its workforce to cope with macroeconomic uncertainty and a sluggish cryptocurrency market
On the @Unchained_pod, leading cryptographer @ChrisPeikert, who has led Algorand's post-quantum security implementations
Wirex and Algorand Expand Stablecoin Payments with New USDC Integration
Team
Funding
Youbi Capital
Lemniscap
Arrington Capital
USV
Multicoin CapitalBixin Ventures
Shima Capital
NGC Ventures
LD Capital
Kosmos Ventures
Zonff Partners
Foundation CapitalFoundation Capital
P2P CapitalZonff Partners
Pillar VC
CMB International
Redline LabsYoubi Capital
MT CapitalLD Capital
Zero Age Ventures
Continue Capital
Nirvana Capital
IMO VenturesKosmos Ventures
