Algorand, developed by MIT professor Silvio Micali, is a scalable, speedy, and secure blockchain platform using a pure proof-of-stake (PPoS) consensus mechanism. It supports up to 10,000 transactions per second with a block time of 2.8 seconds. In 2024, Algorand enhanced decentralization and performance with dynamic round times and incentivized consensus. It integrates Python for accessible smart contract development and operates as a carbon-negative network by offsetting its minimal energy consumption.