The purpose of the Algorand network is to facilitate a new global economy. The Algorand mission has three essential parts. First, Algorand strives to create global trust through decentralization. Second, the network works to invent simple designs that drive adoption by billions of people. Third, Algorand aspires to evolve elegant technology that eliminates barriers to prosperity for all. Algorand was created as a collaborative effort, which was led by world renowned cryptographer and MIT Professor, Silvio Micali.