Turing Award Winner's Blockchain Opens Test Network to Public

The test network for the Algorand blockchain platform – co-founded by MIT professor Silvio Micali – has been opened to the public.

AccessTimeIconApr 16, 2019 at 8:00 a.m. UTC
Updated Aug 18, 2021 at 11:11 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • 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 startup, the public release follows a private test period in which several hundred users took part. The then-invitation-only testnet first launched last July.

    Now, Algorand hopes to attract a wider population of users to “ engage with TestNet and provide feedback on the quality, function, and overall experience of the TestNet protocol,” according to a press release.

    “Opening TestNet to the public is a major milestone on our journey to the open source release of the technology, CEO Steve Kokinos said in a statement. “Today marks the latest step forward in our overall mission to enable the broader Algorand community to collaborate, innovate and contribute to the evolution of our public, permissionless blockchain platform.”

    Computer cables image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.