Algorand was founded by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology. Micali, a recipient of the Turing Award in 2012 for his contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols, is recognized as a contributor to the crypto space. The Algorand mainnet went live in June 2019, and by December 2020, it was capable of handling a significant number of transactions per day. The initial token distribution for Algorand took place in June 2019. The Algorand blockchain's genesis indicates that a large quantity of ALGO was created, with the distribution of this set amount projected to conclude in 2030.