id author title date pages extension mime words sentences flesch summary cache txt en-wikipedia-org-8986 Algorand (cryptocurrency platform) - Wikipedia .html text/html 1965 287 65 Algorand is a blockchain-based cryptocurrency platform that aims to be secure, scalable, and decentralized.[1] The Algorand platform supports smart contract functionality,[2] and its consensus algorithm is based on proof-of-stake principles and a Byzantine Agreement protocol.[1][3][4] Algorand's native cryptocurrency is called Algo.[2] The Algorand consensus algorithm possess the characteristic of "player replaceability"; i.e., as noted above, membership in the different committees (in both the block proposal and block finalization phase) changes every time the phase is run. In March 2021, the Società Italiana degli Autori ed Editori (SIAE), the Italian copyright collecting agency, uploaded over four million non-fungible tokens (NFTs) to the Algorand blockchain, representing copyrights in works produced by SIAE's members.[11] In May 2021, Securitize, a company that enables investment in private capital markets, launched two cryptocurrency yield funds and announced they would be recorded using Algorand's blockchain.[18] "A Survey of Distributed Consensus Protocols for Blockchain Networks". ./cache/en-wikipedia-org-8986.html ./txt/en-wikipedia-org-8986.txt