Last Updated on January 5, 2024 by cryptocreed
Algorand is in the market since 2019 currently it falls in the list of top 30 coins according to CMC. The price per Algo is 0.2238 and total last 24 hours volume is $68,604,320 and the market cap is $1,596,389,109.
You can trade Algo coins on major cryptocurrency exchanges including Binance, OKX, Kucoin, BingX, Bitrue, and many more. Join exchanges using our link to get 40% off on your trading fees.
Algorand is a POS self-sustaining, decentralized, scalable blockchain-based network that supports a wide range of Dapps. You can use their features like smart contracts, blockchain, and coins. it also supports computations that require reliable performance guarantees to create a new form of trust.
Things To Remember While Taking What Is Algorand (Algo) Quiz
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Must Read: Algorand paper wallet – Safest way to store ALGO
Also Read: Binance Learn & Earn Quiz Answers: Binance Polymesh Quiz Answer
Binance Learn & Earn Answers: What Is Algorand Quiz Answers
Following are the What Is Algorand Quiz 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 (Binance Algo Learn & Earn Answers)
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
What is algorand (algo) quiz answers?
Q8. How much does it cost to send a transaction in Algorand? (Binance Algo Learn & Earn Answers)
Answer: 0.001 ALGO
Q9. How many transactions per second (TPS) can Algorand process?
Answer: 6,000
Q10. Which consensus mechanism?
Answer: PPos
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