Algorand & Frictionless Finance

Algorand has once again proposed a major protocol upgrade that significantly expands the range of decentralized applications (dApps), DeFi solutions and processes that can be built on the Algorand platform. With this new suite of features all built directly into Layer-1, enterprise-scale distributed apps can be created without sacrificing performance or security. Read about the latest updates to our Algorand Smart Contracts in Layer-1 functionality along with information on Algorand Standard Assets and Atomic Transfers.

Our Mission

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.

Algorand Protocol

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

Algorand Smart Contracts in Layer 1

ASC1s are stateless smart contracts in Layer-1 with numerous possibilities for governed transactions

Core Algorand Protocol

A public, permissionless, pure proof-of-stake blockchain that has decentralization and performance at its core

Aug 25, 2020

bountyblok are the latest recipient of an Algorand Foundation Grant

Aug 19, 2020

Algorand Upgrade Paves the Way For Sophisticated Applications across Defi and Traditional Sectors

Aug 11, 2020

Foundation Grant recipient AIKON launches Algorand integration for ORE ID and ChainJS

Jul 21, 2020

Algorand Foundation and Circle Bring Digital Dollars Powered by USDC to Algorand Blockchain

Join The Algorand Community

The open source implementation of Algorand makes it simple and fast for developers to build on blockchain.

Join our community and contribute to the development and growth of the Algorand ecosystem.