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Algorand (ALGO) began with it’s founder Silvio Micali’s research on Byzantine agreement protocols, which aim to enable consensus in distributed systems. Algorand’s innovative consensus mechanism, known as Pure Proof-of-Stake (PPoS), was designed to achieve consensus in a decentralized and efficient manner. It ensures that every participant has an equal opportunity to propose and validate blocks, eliminating the need for energy-intensive mining.

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