Binance Polymesh Quiz Answers.Binance Learn & Earn Quiz is one of most popular event of binance.All Binance users are waiting for this event.In this event correct answerer get token as a reward.Take and complete our quiz course on Binance to get up to $10 in free crypto rewards.
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Algorand was founded in 2017 before launching the mainnet and ALGO token in June 2019. Blockchains address common issues of scalability and consensus mechanisms common to first and second generation blockchains. A key feature of Algorand is the Pure Proof of Stake consensus protocol that randomly selects validators weighted by staked ALGO coins.
Binance Algorand QuizDetails
|Binance Learn & Earn Quiz||Details|
|Quiz Date & Time||7th December 2022 at 09:00 UTC|
|Quiz Type||Learn & Earn|
|Rewards||Algorand (ALGO) Tokens|
|Winners Selection||First Come, First Served!|
|Binance Quiz Link||Visit Here|
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Binance 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?|
|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?|
|Q10) What is Algorand’s consensus mechanism?|
Answer: Pure Proof-of-stake (PPoS)