The Algorand blockchain, introduced in 2017 by Silvio Micali, employs a Byzantine Fault Tolerance Protocol and Pure Proof-of-Stake mechanism for scalability and security. It can process approximately 8000 transactions per second and generates blocks every 3.3 seconds. The network consists of around 1100 nodes and aims to evolve from a relay structure to a gossip-based Peer-to-Peer layer for improved efficiency. Consensus participants are selected from active nodes to address scalability issues as participation increases.
The Algorand blockchain employs a Byzantine Fault Tolerance Protocol and Pure Proof-of-Stake for achieving scalability, instant finality, and Sybil resistance, contrasting with Ethereum.
Algorand can handle 8000 transactions per second, publishing blocks every 3.3 seconds, leveraging a network of approximately 1100 nodes for operational efficiency.
Future updates for Algorand intend to transition from relay structures to a gossip-based Peer-to-Peer layer, enhancing connection efficiency and data propagation.
Consensus participants are selected from active nodes via a subcommittee, ensuring scalability as the number of participants grows.
Collection
[
|
...
]