Algorand

blockchainblockchain (payments)

FOUNDING YEAR: 2017
LOCATION: United States
Last Update: 01/05/2020

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About

Algorand offers a decentralized digital currency and transactions platform.The platform is based on message-passing Byzantine agreement.

Focus

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.

People

FOUNDERS

Silvio Micali

BOARD MEMBERS AND ADVISORS

Andrew Lo

Christian Catalini

Kenneth Rogoff

Shafi Goldwasser

Costantinos Daskalakis

Vinod Vaikuntanathan

Maurice Herlihy

Alessandro Chiesa

Joseph Bonneau

Jill Carlson

INVESTORS:

Pillar

Union Square Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$66 M

DATE OF LAST FUNDING

Oct 2018

TOTAL FUNDING COMMENT

The company will use the funding to launch the blockchain protocol.

SEED & PRIOR FUNDING

$4 M

SEED CLOSED ON

Feb 2018

FUNDING SERIES

SERIES A  · $62 M  · Feb 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2017

LOCATION:

United States

Views:

16 VISITORS | 45 VIEWS
LATEST FUNDING ROUND

$66 M

About

Algorand offers a decentralized digital currency and transactions platform.The platform is based on message-passing Byzantine agreement.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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