How to Quickly (L)Earn ALGO - With Binance Academy

By katerinaramm | katerinaramm | 11 Dec 2022

Yes! I just answered all questions and I am about to receive 2 Algo :)

Yes! This means $0.2283 (Algo's price 11/12/22) x 2 but it came for free so why not?

How about earning some quick crypto in just a few minutes of your time?
Are you on Binance? If not, perhaps it is time you joined. There are many activities and earning possibilities that especially if you are a beginner, it is good to take advantage of.

With Binance, you can earn crypto while earning about it. There is an academy that you can check out https://academy.binance.com/ and you can also follow its announcements so that you do not miss any opportunities.

You may want to consider joining their Christmas Challenge (if you are a creative content creator) and win ...

The 5 most creative entries will share half a bitcoin equally, and 10 runners-up get limited edition Binance merch.

More here

But for now, let me help you get a very very easy 2 ALGO to your account

If you do not have an account yet: https://accounts.binance.com/en/register?ref=QPMI6N3U
(This is so that we both get a 10%)

Let's start (L)earning

What Is Algorand (ALGO)?

Algorand (ALGO) is a Pure Proof of Stake blockchain focused on scalability and decentralization. It has its own blockchain, cryptocurrency, and smart contracts.

Link

Please note that not all the questions come with the same turn.
What you need to know -
The minimum stake needed to run a validator is 0.1 ALGO

An Algorand Block is 3.7 seconds fast

The total supply of ALGO will be 10 billion

The consensus mechanism that Algorand uses is PPos (Pure Proof of Stake)

Companies like Napster, Limewire and FIFA are building on Algorand

Algorand can process 6,000 transactions per second (TPS)

It costs 0.001 ALGO to transact

For each round, the network selects the block proposal with lowest VRF hash

It is true that Algorand has a Governance Program

Silvio Micali, the founder, was a co-inventor of all the technologies mentioned (Zero-Knowledge Proofs, Probabilistic Encryption and Verifiable Random Functions)