Research corpus ConsensusBLC-STUDY-0007

ALGORAND: The Efficient and Democratic Ledger

Micali's ledger design: a proof-of-stake protocol that elects a small, unpredictable committee to certify each block, and replaces participants so a corruptor cannot find them in time.

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Record

Authors: Silvio Micali
Date: 2017
Publisher: Silvio Micali
Version: Source cited by the 2017 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0007
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

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Direct answer

Micali's ledger design: a proof-of-stake protocol that elects a small, unpredictable committee to certify each block, and replaces participants so a corruptor cannot find them in time.

Where to read

Official source — arXiv:1607.01341
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

The study separates the text from later network behaviour. This bibliographic page does not repeat that essay.

Relationships

Canonical readingAlgorand study
Related paperCardano
Related paperAvalanche
Related paperTendermint

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Micali, S. (2017). ALGORAND: The Efficient and Democratic Ledger. Silvio Micali. https://arxiv.org/pdf/1607.01341

BibTeX

@techreport{algorand2017,
  title = {ALGORAND: The Efficient and Democratic Ledger},
  author = {Silvio Micali},
  year = {2017},
  institution = {Silvio Micali},
  url = {https://arxiv.org/pdf/1607.01341},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/algorand}
}

RIS

TY  - RPRT
TI  - ALGORAND: The Efficient and Democratic Ledger
AU  - Silvio Micali
PY  - 2017
PB  - Silvio Micali
UR  - https://arxiv.org/pdf/1607.01341
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0007",
    "title": "ALGORAND: The Efficient and Democratic Ledger",
    "author": [
      {
        "literal": "Silvio Micali"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2017
        ]
      ]
    },
    "publisher": "Silvio Micali",
    "URL": "https://arxiv.org/pdf/1607.01341",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

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Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections