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The test network for the Algorand blockchain platform has been made publicly accessible, the company behind the project announced Tuesday.
The proof-of-stake based Alogrand was first unveiled by MIT professor and Turing Award winner Silvio Micali in 2017. Over the course of 2018, the initiative netted some $66 million in funding, with backers including venture capital firms Union Square Ventures and Pillar, both of which funded Algorand’s $4 million seed round in February of last year.
Alogorand’s technological approach aspires to create a decentralized system that affords both scalability and security, as well as the elimination of the risk of “forking” or splitting into separate networks, as Micali detailed in a blog post published earlier this month.
According to the
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