Algorand

Algorand

Algorand is a company implementing an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants.

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Edits on 9 Jul, 2018
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Alex Dean edited on 9 Jul, 2018
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Infobox
Alex Dean
Alex Dean edited on 9 Jul, 2018
Infobox
Founder
Silvio Micali
Edits on 5 Jun, 2018
Alex Dean"Adding blog post"
Alex Dean edited on 5 Jun, 2018
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Further reading (+1 rows) (+4 cells) (+174/-15 characters)
Further reading

Author
Title
Link
Type

Georgios Vlachos

Algorand’s Instant Consensus Protocol – Algorand – Medium

Blog post

Jing Chen, Silvio Micali

Algorand

https://arxiv.org/pdf/1607.01341.pdf

Academic Paperpaper

Silvio Micali and Vinod Vaikuntanathan

Optimal and Player-Replaceable

https://dspace.mit.edu/bitstream/handle/1721.1/107927/MIT-CSAIL-TR-2017-004.pdf?sequence=1

Academic Paperpaper

Yossi Gilad, Rotem Hemo, Silvio Micali, Georgios Vlachos, Nickolai Zeldovich

Algorand: Scaling Byzantine Agreementsfor Cryptocurrencies

https://people.csail.mit.edu/nickolai/papers/gilad-algorand-eprint.pdf

Academic Paperpaper

Alex Dean
Alex Dean edited on 5 Jun, 2018
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Critics of Algorand assert the assumption of 2/3 honest nodes may not be fulfilled if honest nodes simply go offline without a monetary incentive to stay online; this is known as the lazy validator problem. Other decentralized systems have maintained network integrity without financial incentives like BitTorrent, and some aspects of Bitcoin and some non-mining aspects of Bitcoin. Given the potential monetary incentive for adversarial nodes, the robustness of non-incentive based blockchains remains an open question.

Alex Dean
Alex Dean edited on 5 Jun, 2018
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The developers of Algorand, including MITMIT professor and Turing Award winning Silvio Micali, have raised $4 million dollars in funding from venture capital firms including Pillar and Union Square Ventures. Stock investment in Algorand comes with an option for conversion into tokens.

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Security requires a 2/3 honest majority of online nodes.

Security assumes an honest majority of 2/3 of online nodes. The protocol also makes a message propagation assumption whereby all messages reach honest users in a timely fashion.

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Edits on 5 Jun, 2018
Alex Dean
Alex Dean edited on 5 Jun, 2018
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Further reading

Author
Title
Link
Type

Amy Castor

No Incentive? Algorand Blockchain Sparks Debate at Cryptography Event

https://www.coindesk.com/no-incentive-algorand-blockchain-sparks-debate-cryptography-event/

News article

Amy Castor

Scaling Consensus? This Turing Winner Thinks He's Found a Way

https://www.coindesk.com/scalable-blockchain-consensus-turing-award-winner-thinks-hes-got-solution/

News article

Stan Higgins

MIT Professor Raises $4 Million to Build a Better Blockchain

https://www.coindesk.com/mit-professor-raises-4-million-to-build-a-better-blockchain/

News article

Alex Dean
Alex Dean edited on 5 Jun, 2018
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Edits on 14 May, 2018
Alex Dean
Alex Dean edited on 14 May, 2018
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Topic thumbnail

Algorand

Algorand is a company implementing an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants.

Article

Algorand is a company implementing an open source public ledger utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants. The algorandAlgorand protocol is still in the development phase. It and is designed to be a blockchain based payments platform.

Edits on 24 Apr, 2018
Alex Dean"Adding to the introduction"
Alex Dean edited on 24 Apr, 2018
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Algorand is a company implementing an open source public ledger utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants. The algorand protocol is still in the development phase. It is designed to be a blockchain based payments platform.

Edits on 16 Apr, 2018
Alex Dean
Alex Dean edited on 16 Apr, 2018
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Article

The developers of Algorand, including MIT professor and Turing Award winning Silvio Micali, have raised $4 million dollars in funding from venture capital firms including Pillar and Union Square VenturesUnion Square Ventures. Stock investment in Algorand comes with an option for conversion into tokens.

Edits on 3 Apr, 2018
Alex Dean
Alex Dean edited on 3 Apr, 2018
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Algorand is developing aThe consensus mechanism thatenabling isthe intendedblockchain tocan operate in a permissioned or permissionless environment. It is most similar to a proof of stake protocol. Minimal computation is required to be an honest block producer. The main assumption for the proper functioning of the blockchain is that 2/3 of the block producers are honest rather than adversarial or Byzantine.

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The probability of a fork in the Algorand protocol is estimated at 1 / 1trillion. Thus blocks can be considered final immediately upon validation.

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AlgorandSecurity requires a 2/3 honest majority of online nodes.

Edits on 2 Apr, 2018
Alex Dean"Slight prose update and citation"
Alex Dean edited on 2 Apr, 2018
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The probability of a fork in the Algorand protocol is estimated at 1 / 1trillion. BlocksThus areblocks designed tocan be final immediately upon creation. Blocks are alsoconsidered final immediately upon validation.

Edits on 30 Mar, 2018
Alex Dean
Alex Dean edited on 30 Mar, 2018
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Alex Dean"Removing empty spaces"
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Alex Dean"Minor edits"
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Topic thumbnail

Algorand

Algorand is a company implementing an open-source public ledger utilizing a Byzantine Agreement message-passing protocol to reach consensus among participants in the network.

Article

Algorand is a company implementing an open source public ledgerpublic ledger of the same name which utilizes a Byzantine Agreement message-passing protocol to reach consensus among participants in the network.

Alex Dean"Added video"
Alex Dean edited on 30 Mar, 2018
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Documentaries, videos and podcasts (+2 cells) (+123/-79 characters)
Documentaries, videos and podcasts

Title
Date
Link

FSR Event: Blockchain & the Future of Financial Services

May 10, 2017

https://www.coindesk.com/mit-professor-raises-4-million-to-build-a-better-blockchain///www.youtube.com/watch?time_continue=979&v=L3L4tb5a8AU

Alex Dean"Moving video"
Alex Dean edited on 30 Mar, 2018
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Alex Dean"Minor fixes and addition of timeline entry"
Alex Dean edited on 30 Mar, 2018
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Documentaries, videos and podcasts (+1 rows) (+1 cells) (+85 characters)
Topic thumbnail

Algorand

Algorand is company implementing aan open-source public ledger utilizing a Byzantine Agreement message-passing protocol to reach consensus among participants in the network.

Article

Algorand is a company implementationimplementing ofan aopen source public ledger of the same name which utilizes a Byzantine Agreement message-passing protocol to reach consensus among participants in the network.

Further reading

Author
Title
Link

Stan Higgins

MIT Professor Raises $4 Million to Build a Better Blockchain

https://www.coindesk.com/mit-professor-raises-4-million-to-build-a-better-blockchain/

Documentaries, videos and podcasts

Title
Date
Link

https://www.coindesk.com/mit-professor-raises-4-million-to-build-a-better-blockchain/

Timeline

Algorand announces $4 million in funding

Algorand announces $4M in funding from Pillar and Union Square Ventures.

Alex Dean"fixed incomplete sentence"
Alex Dean edited on 30 Mar, 2018
Edits made to:
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Article

The probability of a fork in the algorandAlgorand protocol is estimated at 1 / 1trillion. Blocks are designed to be final immediately upon creation. Blocks are also final immediately upon validation.

Alex Dean"Adding thumbnail, related topics, categories"
Alex Dean edited on 30 Mar, 2018
Edits made to:
Categories (+2 topics)
Related Topics (+1 topics)
Topic thumbnail

Algorand

Algorand is a company implementing an open source public ledger and cryptocurrency payment system utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants.

Categories
Related Topics
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