> For the complete documentation index, see [llms.txt](https://doc.algowifi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.algowifi.com/economic-model/algorand-blockchain.md).

# Algorand Blockchain

Designed by MIT professor and Turing Award winning cryptographer [Silvio Micali](https://www.linkedin.com/in/silvio-micali-26bb37152/) – is uniquely capable of delivering on the promise of a borderless global economy.

**Why** **Algorand.**

It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. 

In traditional finance, trading assets generally requires a trusted intermediary, like a bank or an exchange, to make sure that both sides receive what they agreed to. On the Algorand blockchain, this type of trade is implemented within the protocol as an [**Atomic Transfer**](/technical-note/atomic-transfer.md). This simply means that transactions that are part of the transfer either all succeed or all fail.

Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the “**blockchain** **trilemma**” by achieving both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.