United States Dollar

<h2>What is Algorand?</h2>
<p>Algorand is a self-sustaining, blockchain-based network that supports decentralised applications. This protocol is designed with faster transactions, higher efficiency, and lower transaction fees. ALGO is the <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/technical-details-crypto-altcoins?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=algorand&amp;utm_content=cryptocurrency">cryptocurrency</a> that powers the Algorand protocol.</p>
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<h2>A brief history of Algorand</h2>
<p>Algorand was founded in 2017 by MIT Professor Silvio Micali. A Turing award-winning cryptographer, he is notably the co-inventor of zero-knowledge proofs, probabilistic encryption, verifiable random functions, and many of the protocols that are the foundations of modern cryptography.</p>
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<p>As a permissionless pure proof of stake (PoS) blockchain protocol, Algorand was built on the vision to democratise finance and deliver on the blockchain promise. Its white paper, published that same year, was co-authored by Micali and Jing Chen, a professor at Stony Brook University. Using a Dutch auction mechanism, Algorand raised over US$60 million in the public sale of its native token ALGO at launch in June 2019. The company sold 25 million tokens in less than 4 hours.</p>
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<h2>How Algorand works</h2>
<p>Algorand uses a pure proof of stake approach, under which all validators are known to one another and only have to agree on the next block in order to create a new block. Algorand will support computations that require reliable performance guarantees to create new forms of trust.</p>
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<h2>What is Algorand used for? </h2>
<p>Algorand network participants use the ALGO cryptocurrency for staking, which gives them a chance to be randomly selected to propose a new block of verified transactions. ALGO is also being distributed as a reward to these selected participants.</p>
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<h2>Hvad er Algorand?</h2>
<p>Algorand er et selvbærende, blockchain-baseret netværk, der understøtter decentrale applikationer. Denne protokol er designet for hurtigere transaktioner, højere effektivitet og lavere transaktionsgebyrer. ALGO er den <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/technical-details-crypto-altcoins?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=algorand&amp;utm_content=cryptocurrency">kryptovaluta</a>, der driver Algorand-protokollen.</p>
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<h2>En kort historik om Algorand</h2>
<p>Algorand blev grundlagt i 2017 af MIT-professor Silvio Micali. En Turing-prisvindende kryptograf, han er især medopfinderen af zero-knowledge proofs, probabilistisk kryptering, verificerbare tilfældige funktioner og mange af de protokoller, der er grundlaget for moderne kryptografi.</p>
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<p>Som en åben, ren proof of stake (PoS) blockchain-protokol, blev Algorand bygget på visionen om at demokratisere finans og levere på blockchain-løftet. Dets white paper, udgivet samme år, var forfattet af Micali og Jing Chen, en professor ved Stony Brook University. Ved at bruge en hollandsk auktionsmekanisme rejste Algorand over 60 millioner USD i det offentlige salg af sit native token ALGO ved lanceringen i juni 2019. Virksomheden solgte 25 millioner tokens på mindre end 4 timer.</p>
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<h2>Sådan fungerer Algorand</h2>
<p>Algorand bruger en ren proof of stake-tilgang, hvor alle validatorer er kendt af hinanden og kun skal blive enige om den næste blok for at oprette en ny blok. Algorand vil understøtte beregninger, der kræver pålidelige ydeevnegarantier, for at skabe nye former for tillid.</p>
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<h2>Hvad bruges Algorand til? </h2>
<p>Algorand-netværksbrugere bruger ALGO-kryptovalutaen til at stake, hvilket giver dem en chance for at blive tilfældigt udvalgt til at foreslå en ny blok af verificerede transaktioner. ALGO bliver også uddelt som en belønning til disse udvalgte deltagere.</p>
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