Skybridge Capital, Anthony Scaramucci’s New York-based investment firm and hedge fund, plans to make a foray into blockchain in partnership with the NAX trading platform to raise up to 250 million for a fund based on the Algorand blockchain. in Computer Science from the University of California at Berkeley. Skybridge is partnering with trading platforms NAX and Algorand for the fund. Micali has received his Laurea in Mathematics from the University of Rome, and his Ph.D. He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences, and Academia dei Lincei. Micali is the recipient of the Turing Award (in computer science), the Gödel Prize (in theoretical computer science), and the RSA prize (in cryptography). At Algorand, Micali oversees all research, including theory, security, and crypto finance. In 2017, Micali founded Algorand, a fully decentralized, secure, and scalable blockchain that provides a common platform for building products and services for a borderless economy. In particular, Micali is the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions, and many of the protocols that are the foundations of modern cryptography. Micali’s research interests are cryptography, zero-knowledge, pseudorandom generation, secure protocols, and mechanism design, and blockchain. Silvio Micali has been on the faculty at MIT, Electrical Engineering and Computer Science Department, since 1983. Utilizing Byzantine agreements and a committee of verifiers at its core, Algorand’s public and permissionless network allows any participant to contribute to the blockchain’s consensus. Leveraging their proprietary PPoS that is far superior to Bitcoin’s outdated Proof of Work technology, Algorand’s blockchain is able to scale to billions of users and process thousands of transactions per second with an average transaction confirmation time of 4.3 seconds. Built as a blockchain that is developed from principles first, Algorand is on a mission to become one of the leading blockchains in cryptocurrency today. Created by Silvio Micali, one of the pioneers of the field of cryptography and an MIT professor, Algorand’s origins began in academia and has been under development for years. Any tokens unused in a given period, will be re-locked and set to unlock monthly, following the. With over 92% of millennials distrusting current financial systems and 2.5 billion lacking access to them- creating a new borderless economy that fosters application innovations, Algorand’s blockchain facilitates a system where people can transact across borders without having to go through legacy financial systems. Learn more about the Algorand project and ALGO coin.
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