Turing Award winner admission blockchain, to create the underlying chain source platform

Beginning in 2016, Prof. Micali, winner of the Turing Award, led the MIT team to study Algorand, a new consensus agreement that combines the features of scalability, security and decentralization to break the performance of blockchain system. Impossible triangle. "

Turing Award is the highest honor in the field of computer science. MIT professor Silvio Micali won the 2012 Turing Prize for his pioneering contributions to modern cryptography and zero-knowledge proof.

The Algorand team recently announced $ 4 million in seed funding from Pillar and USV. Algorand is known as an open source agreement and the Micali team will relinquish Algorand's patent, making Algorand an open source community project and Algorand emphasizes the importance of community building Sex.

Fred Wilson from USV replied in Twitter that 'Tokens are the native business model for blockchains and protocols', so Algorand might be a currency denomination. Plus Algorand is positioned as platform Bottom chain.

Currently Algorand team of 10 people, headquartered in Boston, is scheduled to come online this year.

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