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Contract address: Native
Blockchain development
Vision: Providing a Secure, Scalable, and Private Ecosystem
Aiming to scale up blockchain technology through their ecosystem, The company has developed various technologies, such as Pixel, Pixel is a technology relying on a proof-of stake mechanism, and it’s The target is to reduce the resources that validators consume to validate a node, which leads to more efficient applications and scale blockchain to handle large numbers of transactions per second.
Algorand has developed a POS agreement protocol called BA. The protocol provides security for their blockchain and prevents manipulations.
Algorand is targeting merging both TradFi (Trading Finance) and DeFi (Decentralized Finance), Which means it aims to extend its services to support merchants and global trade payments.
Algorand is separated into Algorand and the Algorand Foundation for blockchain research.
Algorand is backed by a great team of technicals Founder received his Laurea in Mathematics from the University of Rome, and his PhD in Computer Science from the University of California at Berkeley. Since 1983, he has been on the faculty of the Electrical Engineering and Computer Science Department at MIT.
The founder is also the recipient of the Turing Award (in computer science), the Gödel Prize (in theoretical computer science), and the RSA Prize (in cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences, and the Academia dei Lincei.
Their official blockchain explorer, Where users can get query about Assets, Addresses on Algorand ecosystem
Official Algorand wallet, Where users can Store, Transfer Algorand assets
$4M was raised in the Seed round by Union Square Ventures, Pillar VC, Slow Ventures, Eterna Capital
$62M was raised in the Public Sale Option A1 (Series A round) by Union Square Ventures, Pillar VC, China Merchants Bank, Slow Ventures, Eterna Capital
$3M was raised in the Public Sale Option B (Series B round) by JumpNorth West Quadrant Ventures (NWQ Ventures), Borderless Capital
$20M was raised in Algorand Foundation Fund by Algorand Foundation
Total reported funding: 89M
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