By: Criptoempresario

Algorand is a layer one blockchain, founded by Silvio Micali, a professor in the electrical engineering and computer science department at MIT, since 1983. Among the research interests that Silvio Micali always had are: 1. Cryptography, 2 Zero Knowledge, 3. Pseudo-random generation, 4. Secure protocols, 5. Mechanism designs, 6. Blockchain, in upcoming articles in the future, it is necessary to delve into these complex topics essential for the advancement of technologies related to economies decentralized.

Algo is the native cryptocurrency of the Algorand blockchain, among the characteristics that make Algorand stand out are, 1. It has decentralized governance, fundamental in the world of blockchains, and the basis of the freedom that this technology offers, 2. It serves as a medium payment in commercial transactions and reserve value, for those interested in making long-term savings. 3. It is very functional in the use of defi technologies, whether to leave as collateral for the loans acquired or as a means of payment, it is ideal since it does not have fluctuations as abrupt as bitcoin, thus reducing liquidation risks, 4 Payment to validators of transactions on the Algorand network, with the same native currency, thus increasing the use of the network and its different resources.