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What Is Algorand (ALGO)? Q&A
Q: Algorand has a Governance Program that allows the community to vote on measures that impact the future of the blockchain. True or false?
A: True
Q: How many transactions per second (TPS) can Algorand process?
A: 6,000
Q: What is Algorand’s consensus mechanism?
A: Pure Proof-of-stake (PPoS)
Q: Silvio Micali, founder of Algorand, is famous for being the co-inventor of which of the following technologies?
A: All are Correct
Q: How fast is an Algorand block?
A: 3.7 seconds
Q: Which of the following companies are building NFT and Web3 projects on Algorand?
A: All are Correct
Q: What is the minimum stake needed to run a validator node in Algorand’s PPoS consensus mechanism?
A: 0.1 ALGO
Q: For each round, the network selects:
A: the block proposal with the lowest VRF hash.
Q: What is the total supply of ALGO tokens?
A: 10 billion
Q: How much does it cost to send a transaction in Algorand?
A: 0.001 ALGO
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