On Monday 22nd March, we were delighted to host the second event in our Algorand Educate series. A huge thank you to Haichao from the Algorand Foundation for his great presentation during this session!

To learn more about Algorand Educate and the upcoming events, please visit our website: http://www.encode.club/algorand-club

You can find the slides used during the event in the following article: https://medium.com/encode-club/algorand-educate-algorand-consensus-algorithm-video-slides-4757b5da84a5

About Encode Club

The purpose of Encode is to educate, support and catalyse the emergence of new talent into the blockchain space. We work across 75 universities worldwide, running hackathons, accelerators, education series as well as investing and recruiting the best to join leading blockchain companies. Read more here: http://www.encode.club

About Algorand

We are delighted to be working again with the Algorand Foundation and helping to champion the adoption of the Algorand blockchain. Their technology, the brainchild of Turing-Award-winning cryptographer Silvio Micali, stands out at the forefront of the blockchain space, particularly their pure-proof-of stake protocol. We also know first hand that their developer relations and support are second to none. For more information, visit https://www.algorand.com/​ or https://algorand.foundation/​

Timestamps

00:00:00 Introduction
00:02:04 Algorand Intro
00:04:15 Introduction to Consensus Algorithms
00:15:38 FLP Impossibility
00:18:00 Network Model Assumption
00:20:50 Paxos Consensus Algorithm
00:22:13 Byzantine Fault Tolerance
00:33:35 Summary of Previous Solutions
00:39:05 Algorand Consensus Algorithm
00:48:11 Algorand Presentation Conclusion
00:51:13 Audience Questions
01:13:00 Conclusion