The Algorand Foundation is a Company Limited by Guarantee (CLG) with the incorporation issued by the Accounting and Corporate Regulatory Authority (ACRA) in the Republic of Singapore. Together with our community, we are building trusted, public and permissionless infrastructure for the borderless economy.
The Algorand Foundation is committed to the development of an inclusive and transparent system where anyone can build prosperity through decentralized applications and projects, no matter where they are. The Algorand Foundation will provide assistance with the network launch, along with initial governance and evolution of the public blockchain, with a primary goal of promoting broad participation and decentralization of the network. The Algorand Foundation is helping make the borderless economy a reality.
We believe that a public, permissionless, pure proof-of-stake blockchain with an open source approach is fundamental to delivering on the vision of a borderless economy.
The Algorand consensus mechanism is designed to promote open participation, security and performance within a network that is decentralized by design. With consensus on a new block being reached as fast as the block can be propagated throughout the network, Algorand’s transaction throughput is on par with large payment and financial networks, all securely scalable to billions of users. And Algorand is also the first blockchain to provide immediate transaction finality without the fear of forks.
Algorand Ambassadors are one of our key leaders among the worldwide Algorand blockchain community. Ambassadors are part of an amazing group who believe in the potential of the Algorand blockchain and are helping to build local communities, focused on sharing knowledge and insights on the development of the blockchain ecosystem. The Algorand Foundation has created a global program to reward our greatest partners for the work they are doing to create vibrant Algorand communities. The Foundation has also rewards Developer Ambassadors for creating content and contributing to the ecosystem.
Algorand releases new binaries (Algorand’s executable files) on an ongoing basis. These new binaries can contain any number of bug fixes or new features, but the key question is whether or not the consensus version changes. The consensus version can be thought of as the language that the nodes speak to each other. If the consensus version changes, then the language is changed.
The Algorand Public Blockchain seeks to have a constitution and long term governance structure designed with community involvement. More details on our constitutional assembly and governance policies/processes will be shared soon.
At launch, governance of the network is assisted by the Algorand Foundation's Economic and Technical Advisory Committees, with committee members selected by our University & Non-Profit Program participants.
The foundation is comprised of a diverse group of industry experts, researchers, business leaders, economists and more -- and we are hiring!
We are committed to the development of an inclusive and transparent system where anyone can build opportunity through decentralized applications and projects, no matter where they are. With the primary goal of promoting broad participation and the decentralization of the Algorand network, the foundation is assisting with the launch of the network, initial governance and the evolution of the public blockchain.