фото показано с : blokt.com

Algorand, a Boston-based startup founded by Silvio Micali, a Turing award winner, and cryptographer, has reportedly secured $62 million in equity investment and complimented the funding with the appointment of the executive team.

Steve Kokinos, co-founder and Chairman at Fuze, has been appointed as the CEO while Sean Ford, co-founder of uPromise and former CMO of LogMeIn assumes the role of COO. The combination of the executive team’s impressive background in technology and the $62-million funding are expected to “help launch the revolutionary blockchain protocol” and ensure its future success.

Algorand, which is touted as the next generation blockchain, has made bold statements of intent by claiming that it can address blockchain’s trilemma – scalability, security, and decentralization.

Albert Wenger, managing partner at Union Square Ventures, said:

“At USV we believe that foundational innovation is required to deliver on the promise of blockchain technology. Algorand is building a crucial part of that with their novel consensus algorithm that solves for security, decentralization, and scalability.”

Micali, the founder of Algorand and a Professor of Computer Science at MIT said that they spend several years developing a “business-ready protocol for a truly global and decentralized economy.”

Algorand is a blockchain for business, permissionless, scalable, and pure proof of stake blockchain protocol. Jamie Goldstein, a founding partner at Pillar Venture Capital said that Micali is an award-winning cryptographer who is surrounded by great minds in science and business. He thinks that the latest additions in the executive team have “deep expertise in building enterprise companies at scale.”

As blockchain startups continue to raise capital to fund their projects, it is clear that the new industry is taking shape and winning the hearts (and money) of investors, which will go a long way in strengthening the industry that has so much potential.

Algorand Announces Securing $62 Million in Equity Investment and the Appointment of Senior Executives was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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