The convergence between decentralized and traditional financial models is accelerating and we are here to power it. Our open source technology is intentionally designed to enable the simple creation of next generation financial products and disrupt economic models across industries where the exchange of value can be made more efficient.
DeFi is disrupting the financial landscape as we know it, expanding access and making opportunities more inclusive. With continually advancing smart contracts, a high performing Layer-1, and interoperability frameworks, Algorand is welcoming a new wave of DeFi.
The first use of Algorand's blockchain technology was the open-source Algorand MainNet. The world's first pure proof-of-stake protocol, the Algorand blockchain is overseen by the Algorand Foundation and is open for any individual or organization to interact with.