The research and governance organization encouraging participation, development, and innovation on Algorand
Algorand Foundation is the developer of the Algorand protocol developed by Silvio Micali and a team of leading scientists. Algorand Foundation is committed to fulfilling the global promise of blockchain technology.
Algorand Foundation’s core beliefs are creating a transparent, accessible, and permission-free blockchain, for an interconnected ecosystem that provides an opportunity for everyone to unlock the potential of a democratic and truly borderless economy.
The Algorand Protocol itself is an open-source, permissionless, Pure PoS blockchain. It competes with large payment and financial networks, focusing on industrial use-cases such as the issuance of a central digital currency. Algorand Protocol also offers highly-customizable smart contracts, asset tokenization, and atomic transfers.
Algorand foundation was founded in 2019 and is based in Singapore.