𧔠What is @AlgoFoundation?
The blockchain built to scale without sacrificing decentralization
Spoiler: it actually does, thanks to its Pure Proof of Stake (PPoS) model đ
@AlgoFoundation If youâve been around crypto for a while, you know the famous blockchain trilemma: Decentralization, security, scalability
Hard to achieve all threeâŠ
@AlgoFoundation set out to solve it and its technical approach is worth a closer look âïž
@AlgoFoundation đ§ Whoâs behind @AlgoFoundation?
Created by Silvio Micali (Turing Award winner, MIT professor), founded in 2017 and launched mainnet in 2019
The protocol is driven by Algorand Inc., while the Algorand Foundation manages governance and ecosystem incentives đ€
@AlgoFoundation âïž Technical architecture
@AlgoFoundation is a public, permissionless layer-1 blockchain with its own Algorand Virtual Machine (AVM) to run smart contracts in TEAL
Expect blocks every ~2.8 seconds with instant finality đ„
@AlgoFoundation 𧩠@AlgoFoundationâs main advantages:
â
Instant finality, no forks
⥠Fast and scalable (~3s blocks, up to 10K TPS)
đ Open participation via PPoS
â»ïž Energy efficient, no heavy mining
đŒ Native assets (ASAs) and contracts on L1
@AlgoFoundation đ° The native token: $ALGO
Used for:
â
Transaction fees
â
Consensus and on-chain governance
â
Issuing ASA assets
Total supply capped at 10B $ALGO
Real-world adoption:
đł Payments: EURD, HesabPay enabling instant settlements
đŠ DeFi: Folks Finance with lending, liquid staking, and real on-chain markets
đŠ Supply chain: Finboot for traceability and sustainability
đȘȘ Digital ID: secure credentialing and fund distribution
đ± ESG: Ureca tokenizing verified carbon credits
@AlgoFoundation đšâđ» Built for devs
A robust ecosystem with AlgoKit, SDKs (Python, JS/TS, Go, Java), and a curated stack for identity, indexing, and monitoring, so teams can move from idea to mainnet with zero friction
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