Dear All, I would like to share an introductory video on Algorand protocol that I have recorded for the recently concluded India Dapp Fest. In this video we are talking about the main cryptographic and crypto-economic concepts powering this protocol.
It is a pragmatic protocol towards achieving #BlockchainScalability in a cost effective manner. It is leveraging randomness based algorithms ( that is why it is called ‘Algo-Rand’ in the place of famous and historic ‘Proof of Work’. It has constructed a ‘Pure Proof of stake’ using verifiable random functions (VRF). This protocol is a convergence of a lot of advanced engineering techniques like key management demon, REST based web services etc. It is designed by the inventor of #ZeroKnowledgeProof, Professor Silvio Micali himself.
We will share more details on Algorand in the coming days !! We have a digital community in India in Bengaluru. It is one of the first communities of Algorand in Asia itself. Looking forward to your active participation to contribute ideas, innovations and inventions in this community. You can find more about this community online : https://community.algorand.org/bengaluru/