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