Silvio Micali’s new public ledger: ALGORAND

Alumnus Silvio Micali (CS PhD ’82, CS Distinguished Alumni 2006) has published a paper called ALGORAND The Efficient and Democratic Ledger where he lays out a groundbreaking new vision of a decentralized and secure way to manage a shared ledger that provides a beautifully elegant solution to the Byzantine General’s problem.  Micali, the Ford Professor of Engineering at MIT, is the recipient of the Turing Award,  the Goedel Prize, and the RSA prize in cryptography.  His new research is profiled in an article titled “Move over Bitcoin – MIT Cryptographer Silvio Micali and his Public Ledger ALGORAND…The Future of Blockchain?”