The future of blockchain with ALGO for fast transactions

Silvio Micali, professor of computer science at the Massachusetts Institute of Technology (MIT), is the mind behind Algorand. His expertise in cryptography and data security enabled the creation of a revolutionary blockchain protocol. Micali is also recognized for his fundamental contributions to the theory of secure two-party computation, electronic currencies and blockchain protocols. His research has had a major impact on the development of the crypto ecosystem and Algorand in particular.

The Algorand project was born in 2017, but it was in 2019, after the ICO (Initial Coin Offering), that the main network went online. Thanks to its academic reputation and expertise, Micali managed to bring together a team of world-renowned researchers and engineers to bring this ambitious project to life. The Algorand network was designed to solve major problems faced by other blockchains, such as slow transactions and high fees.