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Algorand founder Silvio Micali wants to usher in the democratization of finance

Cointelegraph conducted an exclusive interview with Silvio Micali at the Paris Blockchain Week Summit.
Cointelegraph’s Joseph Hall sat down with Silvio Micali, the founder of Algorand, as part of its on-the-ground coverage of the Paris Blockchain Week Summit, or PBWS. Algorand is a blockchain that uses a Pure proof-of-stake (PPoS) protocol, and the company was one of the main sponsors of the summit. Micali started off by explaining that the the blockchain trilemma, claiming that no blockchain can be all three at once — secure, scalable and decentralized — is false. He affirmed that Algorand actively works to solve this so-called trilemma by pushing the limits of scalability via its PPoS algorithm.Since Ethereum (ETH) is set to transition from proof-of-work to proof-of-stake later this year, Algorand will stand in direct competition to Ethereum. It was originally Ethereum’s co-founder Vitalik Buterin who coined the c

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