$ALGO Algorand is a blockchain project developed under the leadership of Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), and a recipient of the Gödel Prize and Turing Award. The project successfully raised $4 million in seed funding, with investors including prominent venture capital firms Pillar and Union Square Ventures.

Algorand did not introduce incentive mechanisms or issue digital cryptocurrencies; the project itself has vast market potential. Through innovations such as the BA* consensus mechanism and cryptographic lottery, it enhances the efficiency of blockchain and expands its application prospects, enjoying a high reputation in Silicon Valley.