Entities

Algorand Foundation

Entity Type
Location
Founding Date
2019
Parent Entity

Algorand Foundation empowers a dynamic, inclusive, and borderless global ecosystem. Leveraging the Algorand protocol and open source software, the foundation is focused on protocol governance, token dynamics, and supporting grassroots, open-source development on the Algorand ecosystem. Algorand Foundation fosters an open and transparent system where anyone can participate, develop, and innovate on the permissionless Algorand protocol guided by the vision of an inclusive economy.

ALGORAND FOUNDATION FEATURES

  • 6,000 TPS. 3.6 second settlement finality

  • Negligible energy consumption, and smart contracts buy carbon offsets to ensure total footprint is zero

  • Pure POS consensus with VRF technology delivers unsurpassed cryptographic security

  • Algorand has decentralized consensus and governance mechanisms