What is Algorand?

Algorand is a smart contract platform that enables developers to build scalable decentralized applications. The Algorand network was founded in 2017 by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT).

Is Algorand carbon-negative?

Since April of 2021, Algorand has been carbon-negative—meaning that the platform purchases carbon credits that more than offset its carbon emissions, which is already much less than blockchains like Bitcoin. What Projects Are in the Algorand Ecosystem?

Is Algorand the greenest blockchain?

Algorand bills itself as the most efficient and greenest blockchain. Since April of 2021, Algorand has been carbon-negative—meaning that the platform purchases carbon credits that more than offset its carbon emissions, which is already much less than blockchains like Bitcoin.

Is Algorand a competitor to Ethereum?

In addition, Algorand can host other cryptocurrencies and blockchain-based projects, making it a direct competitor to Ethereum. ALGO, the platform's native currency, is used to secure the Algorand blockchain and pay processing fees for Algorand-based transactions.