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Algorand is sponsored by MIT professor, Gödel Prize winner, Turing Award winner Silvio
A blockchain project led by Micali. The project successfully raised a $4 million seed round of financing, with investors including well-known venture capital Pillar and Union Square Ventures.
Algorand did not introduce an incentive mechanism or issue digital cryptocurrencies. The project itself has a broad market space. It improves the efficiency of the blockchain through technological innovations such as the BA* consensus mechanism and cryptographic draws, and expands the application prospects of the blockchain. Silicon Valley enjoys a high reputation.
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