Algorand was founded in 2017 by Silvio Micali, a teacher at MIT. Algorand is made up of a business as well as a foundation. The Algorand Structure manages environment growth, award financing, cryptographic study primitives, on-chain governance as well as decentralization of the Algorand network, consisting of nodes. The core growth of the Algorand method is managed by Algorand Inc., a private company based in Boston.