Algorand


Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.

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by COINS NEWS - 1 week ago

Lavazza, one of the largest coffee companies in the world, is using supply chain tracking on Algorand to track and authenticate its coffee production. A real world use case that benefits from immutability and common knowledge.

Lavazza Coffee is using Algorand for supply chain traceability, and they’re not slowing down. They have been doing this for years now. A great proof of concept for huge corporations that want to leverage blockchain to add transparency and trust, in J...

by COINS NEWS - 2 weeks ago

Hermes Vault enables PRIVATE TRANSACTIONS on Algorand leveraging zero knowledge proofs. The HermesVault smart contract is a public good and charges no protocol fee. It is an immutable contract, with no owner, no manager, fully permissionless, and fully op

https://github.com/giuliop/HermesVault Hermes Vault Private transactions on Algorand. HermesVault enables private transactions on Algorand leveraging zero knowledge proofs. We stand on the shoulders of giants, leveraging the pioneering work of Zcash...