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on
1
Introduction
2
The Blockchain Promise
3
Aspirations
4
Blockchain by Design
5
Blockchain is not acceptable
6
Technical constructs
7
The challenge
8
Proof of work
9
Centralized vs decentralized
10
Bonded proof of stake
11
Pure proof of stake
12
Genesis block
13
Summary
14
Architecture
15
How it works
16
Selecting by committee
17
Design from scratch
18
Byzantine agreement
19
Different steps different people
20
Relationship between committee members
21
Bad and powerful adversary
22
New power goal
23
Is Algorand a winner
Description:
Explore the groundbreaking concept of Algorand, a truly distributed ledger, in this 1-hour 10-minute lecture by Silvio Micali, MIT professor and founder of Algorand. Delve into the blockchain promise, aspirations, and design challenges. Examine technical constructs like proof of work, centralized vs decentralized systems, and various proof of stake models. Understand the genesis block, architecture, and committee selection process in Algorand. Learn about Byzantine agreement, adversary challenges, and power goals in this innovative blockchain system. Gain insights into whether Algorand could be a game-changer in the world of distributed ledgers.

Algorand - The Truly Distributed Ledger

Simons Institute
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