May 18 to Jun 6 UTC

Algorand Quiz

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What is Algorand?

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

To celebrate the Synopsis 2021 Summit, Algorand is launching a technology quiz:

If you answer the questions about ALGO correctly, you will participate in a lottery in which you can win cash prizes. If you don't know anything about ALGO yet, you can use the tips.

10 lucky ones who answer all questions correctly will get 40 ALGO each!

Winners will be announced during the Synopsis 2021 Summit.

The event is about to begin
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Results

The quiz was attended by 6910 participants, correctly answered the questions of 3971 participants. The winners were chosen randomly among those who answered correctly.

Prize
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO
40 ALGO

What does “Algorand” stand for?

Algorithm and decentralization
All go random
Algorithm “or/and”
Algorithmic randomness

What is the environmental impact of Algorand?

Low, it is carbon negative since 2021
Fairly low, Algorand will eventually offset its emissions
Algorand is a Proof-of-Work network consuming the least energy
About 1/4 of that of Bitcoin

What consensus mechanism does Algorand run on?

Proof-of-Work
Proof-of-Stake
Proof-of-Time
Proof-of-Algorithm

What is Algorand’s motto?

DeFi
FutureFi
AlgoFi
ReFi

What is Algorand founder Silvio Micali famous for?

He is the coinventor of zero-knowledge proofs
He is the inventor of algorithmic stablecoins
He is the inventor of rebalancing algorithms
He opened MIT

How many organizations have joined the Algorand ecosystem?

About 100
About 300
About 600
About 900

Which country selected Algorand to power the first national digital currency in the world?

Malta
Cayman Islands
British Virgin Islands
Marshall Islands

What method does Algorand adopt to select block producers in Pure Proof of Stake

Cryptographic assortment
Cryptographic sortition
Cryptographic consorting
Cryptographic sortilege

What are the node types in the Algorand network?

Relay nodes and paranodes
Main nodes and child nodes
Relay nodes and participation nodes
Beacon nodes and block producers

What is Vault?

A blockchain compression technology developed by Algorand
The vote container in the Algorand blockchain
The value storage that backs Algorand NFTs
The DeFi staking product by Algorand

How many blocks are required for transaction finality on Algorand?

10
5
2
1

Under what conditions Algorand withstands attacks?

When over 2/3 of all the money belongs to honest users in a permissionless environment
When over 50% of all users are honest in a permissioned environment
When over 2/3 of all users are honest in a permissioned environment
A + C
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