[Busec] Silvio Micali on Wed at 9:30

Leonid Reyzin reyzin at cs.bu.edu
Fri Mar 17 22:49:28 EDT 2017


Wednesday, March 22, 9:30-11 AM
Hariri Institute for Computing Seminar room MCS 180, 111 Cummington Mall (

Silvio Micali, MIT

Algorand: A New Public Ledger

A public ledger is a tamperproof sequence of data that can be read and
augmented by everyone. Shared public ledgers stand to revolutionize the way
a democratic society operates. They secure all kinds of traditional
transactions –such as payments, asset transfers, titling– in the exact
order in which they occur; and enable totally new transactions ---such as
cryptocurrencies and smart contracts. They can remove intermediaries and
usher in a new paradigm for trust. As currently implemented, however,
public ledgers cannot achieve their enormous potential.

Algorand is a quite alternative, truly democratic, and very efficient way
to implement a public ledger. Unlike prior implementations based on proof
of work, it requires a negligible amount of computation, and generates a
transaction history that will not “fork” with overwhelmingly high

Early lunch to follow.

BUsec Calendar:  http://www.bu.edu/cs/busec/
The busec seminar gratefully acknowledges the support of BU's Center for
Reliable Information Systems and Cyber Security (RISCS).
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