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Algorand

From EverybodyWiki Bios & Wiki



  • Comment: David, thank you for your feedback. Your reference to WP:CORPDEPTH has made me realized that it appears that my article is about the Algorand corporation rather than the Algorand technology platform and associated cryptocurrency. (To analogize, my goal is not to write about Microsoft, but to write about Windows. Or: my goal is not to write about the Ethereum Foundation, but about the Ethereum technology platform and associated cryptocurrency.) It seems like the best next step for me would be to scrap this article and submit a new one titled "Algorand_(cryptocurrency_platform)" and re-focus the material I'm submitting, using your comments/feedback as well as other similar articles (e.g. Cardano_(cryptocurrency_platform) and/or other articles linked to from List_of_cryptocurrencies) as a guide. Thank you.
Algorand
Ticker symbolALGO
Development
White paperhttps://arxiv.org/abs/1607.01341
Code repositoryhttps://github.com/algorand
Development statusActive
Websitehttps://www.algorand.com/
Block explorerhttps://algoexplorer.io/

Search Algorand on Amazon.

Algorand is a blockchain-based cryptocurrency platform that aims to be secure, scalable, and decentralized.[1][2][3][4] The Algorand platform supports smart contract functionality and its consensus algorithm is based on a proof-of-stake and Byzantine Agreement protocol.[5][2][6][7][8] Algorand’s native cryptocurrency is called Algo.[9][10]

History[edit]

Algorand was launched in 2017 by Silvio Micali, a Turing Award winner, co-inventor of zero-knowledge proofs, and professor in the Electrical Engineering and Computer Science Department at MIT.[11][12][13][14][15] Algorand launched its test network in July 2018, and then opened the test network up to the public in April 2019.[16] In June 2019, the Algorand mainnet was launched and full open source code for the platform was released on GitHub.[17][18][19] In July 2020, Algo began trading on Coinbase.[20][21] In 2020, two stablecoins, Tether and USD Coin, were launched on the Algorand platform.[22][23][24][25]

Technical Aspects[edit]

Algorand uses a proof-of-stake consensus protocol that is referred to as “pure proof-of-stake.” This protocol is different from proof-of-work protocols used by many blockchain platforms, such as the Bitcoin platform, and is also different from other types of proof-of-stake protocols that are based on Distributed Proof of State (DPoS) or Bonded Proof of Stake (BPoS) principles.[1][6][5][26][27]

In Algorand, block construction takes place in two phases. In the first phase, an Algo token is randomly selected from all of the tokens currently in circulation in the system, and the node that owns the selected token is randomly and secretly selected to propose the next block. In the second phase, 1000 Algo tokens are selected among all circulating tokens, and then the nodes that are the owners of these 1000 token are randomly and secretly selected to be the "committee" that votes on approval of the block proposed by the first node. In this process, it is only the nodes that are selected are aware that they have been selected, making it difficult for adversarial nodes to disrupt the block construction process.[28][5][6]

In phase two of this block construction process, only a single block can possibly have sufficient votes from the committee to be deemed the correct block. On this basis, Algorand is believed to be resistant to forking.[29][30][6][5]

The Algorand platform is implemented in the Go programming language, and software development kits are available for the Java, Python, JavaScript, and Go programming languages.[31][32][33][34][35][36]

Notable Personnel[edit]

In addition to Silvio Micali, a number of notable personnel have been involved in the development of Algorand, including:

References[edit]


This article "Algorand" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Algorand. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

Page kept on Wikipedia This page exists already on Wikipedia.
  1. ↑ 1.0 1.1 Chen, Jing; Micali, Silvio (2017-05-26). "Algorand". arXiv:1607.01341 [cs]. arXiv:1607.01341.
  2. ↑ 2.0 2.1 Chen, Jing; Gorbunov, Sergey; Micali, Silvio; Vlachos, Georgios (2018). "ALGORAND AGREEMENT: Super Fast and Partition Resilient Byzantine Agreement".
  3. ↑ "ApPLIED Workshop | Advanced tools, programming languages, and PLatforms for Implementing and Evaluating algorithms for Distributed systems, held in conjunction with DISC-2019, October 14, 2019". Retrieved 2021-02-20.
  4. ↑ "How MIT Joined Ethereum in the Race for the PoS Blockchain". Cointelegraph. Retrieved 2021-02-20.
  5. ↑ 5.0 5.1 5.2 5.3 Chen, Jing; Micali, Silvio (2019-07-19). "Algorand: A secure and efficient distributed ledger". Theoretical Computer Science. 777: 155–183. doi:10.1016/j.tcs.2019.02.001. ISSN 0304-3975.
  6. ↑ 6.0 6.1 6.2 6.3 Gilad, Yossi; Hemo, Rotem; Micali, Silvio; Vlachos, Georgios; Zeldovich, Nickolai (2017-10-14). "Algorand: Scaling Byzantine Agreements for Cryptocurrencies". Proceedings of the 26th Symposium on Operating Systems Principles. SOSP '17. Shanghai, China: Association for Computing Machinery: 51–68. doi:10.1145/3132747.3132757. ISBN 978-1-4503-5085-3. Unknown parameter |s2cid= ignored (help)
  7. ↑ Bartoletti, Massimo; Bracciali, Andrea; Lepore, Cristian; Scalas, Alceste; Zunino, Roberto (2021-01-26). "A formal model of Algorand smart contracts". arXiv:2009.12140 [cs]. arXiv:2009.12140.
  8. ↑ "Scaling Consensus? This Turing Winner Thinks He's Found a Way". CoinDesk. 2017-03-19. Retrieved 2021-02-20.
  9. ↑ "Algorand price today, ALGO live marketcap, chart, and info". CoinMarketCap. Retrieved 2021-02-20.
  10. ↑ "Algorand's Move Into DeFi Gives ALGO Price a Boost". CoinDesk. 2020-08-20. Retrieved 2021-02-20.
  11. ↑ Castor, Amy. "Interview: Cryptographer Silvio Micali on Bitcoin, Ethereum and Proof of Stake". bitcoinmagazine.com. Retrieved 2021-02-20.
  12. ↑ "MIT Professor's Blockchain Protocol Nets $62 Million in New Funding". CoinDesk. 2018-10-24. Retrieved 2021-02-20.
  13. ↑ "From Our Founder". www.algorand.com. Retrieved 2021-02-20.
  14. ↑ "Silvio Micali | MIT CSAIL". www.csail.mit.edu. Retrieved 2021-02-20.
  15. ↑ "MIT professor debuts high-speed blockchain payments platform Algorand". VentureBeat. 2018-02-15. Retrieved 2021-02-20.
  16. ↑ "Turing Award Winner's Blockchain Opens Test Network to Public". CoinDesk. 2019-04-16. Retrieved 2021-02-20.
  17. ↑ "Binance Supports Algorand's v2.0.2 Upgrade, Halts ALGO Deposits". Cointelegraph. Retrieved 2021-02-20.
  18. ↑ "The Borderless Economy Is Here". www.algorand.com. Retrieved 2021-02-20.
  19. ↑ "Announcing Full Open Source Availability of the Algorand Blockchain". www.algorand.com. Retrieved 2021-02-20.
  20. ↑ "Coinbase Lists Algorand (ALGO) in Latest Expansion". Cointelegraph. Retrieved 2021-02-20.
  21. ↑ Coinbase (2020-07-16). "Algorand (ALGO) is now available on Coinbase". Medium. Retrieved 2021-02-20.
  22. ↑ "Algorand & Hex Trust partner to support the banking sector's adoption of digital assets". finance.yahoo.com. Retrieved 2021-02-20.
  23. ↑ "Algorand becomes an official blockchain for USDC". finance.yahoo.com. Retrieved 2021-02-20.
  24. ↑ "Tether Launches USDT Stablecoin on Algorand Blockchain". Cointelegraph. Retrieved 2021-02-20.
  25. ↑ "Centre's USDC coin is now supported by Algorand in addition to Ethereum". The Block. Retrieved 2021-02-20.
  26. ↑ "Algorand's Core Technology (in a nutshell)". www.algorand.com. Retrieved 2021-02-20.
  27. ↑ "UNDERSTANDING THE TECHNICALITIES BEHIND THE PURE PROOF-OF-STAKE PROTOCOL ALGORAND USES | Algorand". community.algorand.org. Retrieved 2021-02-20.
  28. ↑ "Algorand's Core Technology (in a nutshell)". www.algorand.com. Retrieved 2021-02-20.
  29. ↑ Alturki, Musab A.; Chen, Jing; Luchangco, Victor; Moore, Brandon; Palmskog, Karl; Peña, Lucas; Roşu, Grigore (2020). Sekerinski, Emil; Moreira, Nelma; Oliveira, José N.; Ratiu, Daniel; Guidotti, Riccardo; Farrell, Marie; Luckcuck, Matt; Marmsoler, Diego; Campos, José, eds. "Towards a Verified Model of the Algorand Consensus Protocol in Coq". Formal Methods. FM 2019 International Workshops. Lecture Notes in Computer Science. Cham: Springer International Publishing. 12232: 362–367. arXiv:1907.05523. doi:10.1007/978-3-030-54994-7_27. ISBN 978-3-030-54994-7. Unknown parameter |s2cid= ignored (help)
  30. ↑ "2020 Is Becoming the Year of Staking With Some Major Achievements". Cointelegraph. Retrieved 2021-02-20.
  31. ↑ "Overview - Algorand Developer Docs". developer.algorand.org. Retrieved 2021-02-20.
  32. ↑ algorand/go-algorand, Algorand, 2021-02-18, retrieved 2021-02-20
  33. ↑ algorand/java-algorand-sdk, Algorand, 2021-02-15, retrieved 2021-02-20
  34. ↑ algorand/py-algorand-sdk, Algorand, 2021-02-17, retrieved 2021-02-20
  35. ↑ algorand/js-algorand-sdk, Algorand, 2021-02-18, retrieved 2021-02-20
  36. ↑ algorand/go-algorand-sdk, Algorand, 2021-02-19, retrieved 2021-02-20
  37. ↑ "Shafi Goldwasser Receives L'Oréal-UNESCO For Women in Science Award | Simons Institute for the Theory of Computing". simons.berkeley.edu. Retrieved 2021-02-20.
  38. ↑ Benson, Decrypt / Jeff (2020-10-12). "An Advisor to a Cryptocurrency Project Just Won a Nobel Prize". Decrypt. Retrieved 2021-02-20.
  39. ↑ "States OK blockchain 'smart contracts' but buy-in is uncertain - Roll Call". www.rollcall.com. Retrieved 2021-02-20.
  40. ↑ "Algorand Welcomes Maurice Herlihy, Renowned Distributed Computing Expert". www.algorand.com. Retrieved 2021-02-20.

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