Coinbase Earn $6 FREE - Algorand Questions and Answers

By Nevsie | Beginner in Crypto | 4 Nov 2020

The latest of the Coinbase Learn and Earn program has continued with Algorand and three basic lessons. Once again it is a case of sitting, watching the video, and then answering a simple question. However, as with most of their recent Lessons, the answers are really in the description below the video. A lot of the earning comes from referrals: ($10+ COMP 4 left) ($10 EOS 1 left) ($10 XLM 2 left)

Algorand is described as the "world’s first open, permissionless, pure proof-of-stake blockchain protocol". I would bet many would contend this, but i expect with enough specific clauses they can claim their case! The team behind this crypto are pretty effective and are led by Turing award-winner Silvio Micali. It is one of MANY that I would like to watch, but to be honest the alternative crypto rush seems to have hit its peak - at least for now.

So lets move on to the answers:

The Algorand answers

1 - What is Algorand?

Algorand is a blockchain platform that aims to solve the “blockchain trilemma” by being scalable, secure, and decentralized — all at the same time.

By being scalable, secure, and decentralized

2 - What is Pure Proof-of-Stake?

Pure Proof-of-Stake is Algorand’s unique consensus protocol. It uses minimal computing power, secure stakeholder selection, and randomized participation to be scalable, secure, and decentralized.

A randomly selected ALGO token

3 - The future of Algorand

Algorand is committed to improving financial opportunity over time by introducing smart contracts, cross-chain interoperability, atomic swaps, and the introduction of Algorand Standard Assets (ASAs).

Algorand Standard Asset (ASA)

Pretty simple and easy. Add to this the other Learn and Earn opportunities and you could gain over $170 of crypto.
Lots of these are via the referral links, like below:

Earn $10+ of COMP - https://coinbase.com/earn/comp/invite/jsgz26rw 4 Invites left

Earn $10 of EOS - https://coinbase.com/earn/eos/invite/hnz65qjg 1 invite left

Earn $10 of Stellar XLM - https://coinbase.com/earn/xlm/invite/jctzh3k7 2 invites left

Earn Free Crypto Coinbase Algorand (ALGO) earn

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Nevsie

Interests in crypto are sparked from my curiosity to learn all things new. As a web developer, I love new concepts, toys, methods, and tools. The RPi is a great example of learning things for the sake of it, but practical use. That is my admiration.