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Algorand offers a decentralized digital currency and transactions platform.The platform is based on message-passing Byzantine agreement.
PRODUCTS & SERVICES
Algorand’s platform initially selects a user for proposing a block, on the basis of the total amount of money in the system. A small committee of users and verifiers are selected on the basis of the same criteria, in order to reach Byzantine Agreement on the block proposed by the first user. The proposal helps to identify malicious proposer.
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funding to launch the blockchain protocol.
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $62 M · Feb 2018
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