ALGORAND AND FINANCIAL INSTITUTIONS

Algorand set out to reinvent blockchain and developed the world’s first truly public, permissionless, scalable, and pure proof-of-stake protocol that does not fork, without sacrificing its core attributes as a decentralized, secure, and cost-efficient blockchain. Algorand is the world’s first truly public, permissionless, scalable, and pure proof-of-stake protocol. Unlike other blockchain protocols that offer smart contract functionality, Algorand Smart Contracts are built directly into Layer-1. This allows developers to take advantage of the foundational attributes of the network and to access simplified tools and examples of custom, complex dApps that can build a wide range of applications at low-cost without sacrificing the speed, scale, and simplicity of the platform. This enables the development of sophisticated financial tools and applications.
Algorand has a diverse global group of partners representing the technology, venture capital, cryptocurrency, and financial services communities. A number of these financial institutions are outlined below.