Cited by 1,499Blockchain Technology Applications and SecurityDistributed systems and fault toleranceCryptography and Data Security

Algorand: Scaling Byzantine Agreements for Cryptocurrencies

Open access
Gilad, Yossi, Hemo, Rotem, Micali, Silvio, Vlachos, Georgios, Zeldovich, Nickolai·2017·Proceedings of the 26th Symposium on Operating Systems Principles

Abstract

Algorand is a new cryptocurrency that confirms transactions with latency on the order of a minute while scaling to many users. Algorand ensures that users never have divergent views of confirmed transactions, even if some of the users are malicious and the network is temporarily partitioned. In contrast, existing cryptocurrencies allow for temporary forks and therefore require a long time, on the order of an hour, to confirm transactions with high confidence.

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Crossref · 10.1145/3132747.3132757

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37 of 37 references verified0 citation errors · 0 not checkable

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  • In the reputation-based consistent hashing protocol, the probability of a party being selected is proportional to its reputation.

    “The principle of the above process is similar to that of Algorand [27]: the probability of a party being selected is proportional to its reputation.”
  • The security of the consensus protocol is equivalent to that of Algorand.

    “so its security is equivalent to that of Algorand.”
  • The proposed consensus protocol is improved on Algorand.

    “our protocol is improved on Algorand [27].”
  • The consensus protocol follows Algorand, requiring that the newly generated block can only be identified as valid and broadcasted after it is approved by more than 2/3 of the verifiers.

    “The consensus protocol follows Algorand [27], requiring that the newly generated block can only be identified as valid and broadcasted after it is approved by more than 2/3 of the verifiers”

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Cites

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Research works printed but not linked: 5

  1. J. Chen and S. Micali. Algorand. Technical report, 2017. URL http://arxiv.org/abs/1607.01341. · arXiv
  2. E. Kokoris-Kogias, P. Jovanovic, N. Gailly, I. Khoffi, L. Gasser, and B. Ford. Enhancing Bitcoin security and performance with strong consistency via collec- tive signing. In Proceedings of the 25th Usenix Security Symposium, pages 279-296, Austin, TX, Aug. 2016.
  3. R. Kotla, L. Alvisi, M. Dahlin, A. Clement, and E. L. Wong. Zyzzyva: Speculative Byzantine fault tolerance. ACM Transactions on Computer Systems, 27(4):7:1-39, 2009.
  4. S. Micali. Fast and furious Byzantine agreement. In Proceedings of the Innovations in Theoretical Computer Science (ITCS) Conference, 2017.
  5. S. Micali, M. O. Rabin, and S. P. Vadhan. Verifiable ran- dom functions. In Proceedings of the 40th Annual IEEE Symposium on Foundations of Computer Science (FOCS), New York, NY, Oct. 1999.

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Authors
Gilad, Y., Hemo, R., Micali, S., Vlachos, G., & Zeldovich, N.
Affiliations
MIT Computer Science and Artificial Intelligence Laboratory (US)
Venue
Proceedings of the 26th Symposium on Operating Systems Principles
Publisher
ACM
Published
2017-10-14
Pages
51-68
OpenAlex
W2763398287
Cited by
1,499
References
37
Citations by year
2026: 94 · 2025: 165 · 2024: 183 · 2023: 183 · 2022: 166 · 2021: 217 · 2020: 210 · 2019: 190 · 2018: 85 · 2017: 6
FWCI
103.15
Type
conference paper
Language
en
Open access
Locations
  • ACM SIGOPS Symposium on Operating Systems Principles (SOSP) (publishedVersion, cc-by)
  • DSpace@MIT (Massachusetts Institute of Technology) (submittedVersion, cc-by)
Funders
National Science Foundation (CNS-1413920 and CNS-1414119)
Topics
  • Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
  • Physical Sciences › Computer Science › Computer Networks and Communications › Distributed systems and fault tolerance
  • Physical Sciences › Computer Science › Artificial Intelligence › Cryptography and Data Security
Keywords
Algorand, cryptocurrency, blockchain consensus, network partitioning, fork, scalability, Byzantine fault tolerance

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