The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.
The five key features of the Algorand blockchain are Pure-Proof-of-Stake, Global Scale, Broad Decentralization, Robust Security, and Guaranteed Finality. The Algorand blockchain delivers on the key promise of blockchain technology, removing the pain and cost created by bad processes, intermediaries, middlemen, fees, and artificial delays in today's economy.
Check out our short educational video which outlines what makes Algorand blockchain so unique.
Algorand Standard Assets (ASAs) are standard blockchain assets with customizable options, directly in Layer-1
Secure transfers and immediate transaction settlement for multiparty transactions built in Layer-1
ASC1s are stateless smart contracts in Layer-1 with numerous possibilities for governed transactions
A public, permissionless, pure proof-of-stake blockchain that has decentralization and performance at its core