Governance.Period.2.Initial.Commitments.Algorand

    Algorand is a project that has just entered the world of cryptocurrencies and is among the 100 most important projects. The cryptocurrency community has shown huge interest in this project. It is often cited as one of the most exciting projects currently being worked on. An important feature of the Algorand network is the algorithm of network consensus, which has dramatically increased security, speed, and scalability by modifying conventional methods. The Pure PoS consensus algorithm is used in Algorand, which blocks all users from committing violations. For this network to function properly, two-thirds of the network must be honest and verify transactions honestly. If you have an honest leader proposing a block, the first vote will take place when the participants in the block network receive it. This means that after the block has been proposed to all participating nodes, it will be approved by a round of voting. To scale this process with a large number of network nodes, Algorand has developed a unique mechanism based on random verifiable functions. This solution allows the participant to check privately and see if they have been selected to participate in the agreement in the next block, and then insert the selection certificate in their network messages.