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3. Watch the videos and read articles on Algorand blockchain network.
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Binance ALGO Quiz All Answers
Q1) Algorand has a Governance Program that allows the community to vote on measures that impact the future of the blockchain. True or false?
Answer: True
Q2) What is the total supply of ALGO tokens?
Answer: 10 billion
Q3) What is the minimum stake needed to run a validator node in Algorand’s PPOS consensus mechanism?
Answer: 0.1 ALGO
Q4) Silvio Micali, founder of Algorand, is famous for being the co-inventor of which of the following technologies?
Answer: All are correct
Q5) Which of the following companies are building NFT and Web3 projects on Algorand?
Answer: All are correct
Q6) For each round, the network selects:
Answer: The block proposal with the lowest VRF hash
Q7) How fast is an Algorand block?
Answer: 3.7 seconds
Q8) How much does it cost to send a transaction in Algorand?
Answer: 0,001 ALGO
Q9) How many transactions per second (TPS) can Algorand process?
Answer: 6,000
Q10) What is Algorand’s consensus mechanism?
Answer: Pure Proof-of-stake (PPoS)
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