🔒 Closed Binance Learn And Trade GMX Quiz Answers Win $75,000 Rewards

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boss algo quiz thanks
. 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

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?

Answer: 6,000

Q10. Which consensus mechanism?

Answer: PPos
 
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