Binance Learn & Earn program offers from time to time interesting crypto-related courses with sweet rewards in the end.
This time Binance introduced the Learn & Earn What is Algorand (ALGO) with 2 ALGO as the reward. That’s equal to about $0.45 at the moment.
All you need to do is to answer ten simple questions and redeem your reward.
Of course, you need to have an active Binance account. You can open your account through this banner.
Once you successfully open your Binance account, you can access the Algorand (ALGO) Learn & Earn Binance promotion through this link. Now let’s look at the Algorand (ALGO) quiz answers.
The Algorand (ALGO) Binance promotion runs from the 7th of December 2022. Once you sign up using the upper link, you can access it. If you answer all ten questions correctly, you will learn a $ALGO token reward.
Please note that your questions will be in a different order. Now let’s get started!
How fast is an Algorand block?
Answer: 3.7 seconds
How many transactions per second (TPS) can Algorand process?
Answer: 6,000
What is the minimum stake needed to run a validator node in Algorand’s PPoS consensus mechanism?
Answer: 0.1 ALGO
What is Algorand’s consensus mechanism?
Answer: Pure Proof-of-stake (PPos)
Which of the following companies are building NFT and Web3 projects on Algorand?
Answer: All are correct
How much does it cost to send a transaction in Algorand?
Answer: 0,001 ALGO
Silvio Micali, founder of Algorand, is famous for being the co-inventor of which of the following technologies?
Answer: All are correct
For each round, the network selects:
Answer: The block proposal with the lowest VRF hash.
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
What is the total supply of ALGO tokens?
Answer: 10 billion
Bottom Line
Once you submit the last answer to this Binance Algorand (ALGO) quiz, you will get a badge saying that you have successfully completed the quiz, and your rewards will be granted in 48 hours.
We at Help With Penny focus on providing accurate information for everyone. That’s why we also make easily accessible answers to many Crypto Quizzes.
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