Algorand Founder Silvio Micali's Cryptographic Legacy Powers Network
Algorand (ALGO)
Editor:
Eugene Serbin
bsc.news reports that Algorand founder Silvio Micali, an MIT professor and Turing Award winner, co-invented the zero-knowledge proofs and verifiable random functions that underpin the network. Micali and Shafi Goldwasser received the 2012 Turing Award for transformative contributions to the complexity-theoretic foundations of cryptography. Zero-knowledge proofs allow one party to prove a statement is true without revealing underlying data, a cornerstone of privacy-preserving technology.
Micali also co-invented verifiable random functions, which produce a random number plus a verifiable proof that cannot be faked. He founded Algorand in 2017, building the network around these specific cryptographic tools. Algorand uses Pure Proof-of-Stake, where users maintain control of their $ALGO in their wallets while securing the network.
The VRF selects block proposers and committee members privately, making it hard for adversaries to target leaders in advance. This mechanism ensures only one block is proposed at a time, preventing forks and achieving immediate transaction finality.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.09790 with a 24-hour buy ratio of 52.2%, indicating a slight majority of buyers. The 1-hour buy ratio dropped to 48.3%, suggesting immediate selling pressure, while the 4-hour ratio held at 54.7%. Volume Delta turned negative in the last hour at -$2,692 but remained positive at +$49,325 over four hours. Over 24 hours, the Volume Delta was +$149,303, showing net buying over the longer timeframe. CVD closed at +$175,943, confirming that buyers dominated the session despite the recent dip. Net buying occurred for 17 of the last 24 hours, with spot volume reaching $3,380,112 across 38,489 trades.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
The 24-hour buy ratio of 52.2% is slightly below the 7-day average of 51.8%, showing a marginal shift in sentiment. Volume was 1.38x the average, indicating significantly higher activity than usual. Net buying occurred on 6 of the last 7 days, with a total 8-day Volume Delta of +$926,300. Price rose 4.7% over the eight-day period, reflecting sustained accumulation. This day shows elevated volume but a slightly lower buy ratio compared to the weekly norm.