> 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://doc.algowifi.com/economic-model/algorand-blockchain.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.