Algorand Ecosystem: Questionnaire & Entrance Form
Warm greetings to our Algorand community!
Algorand ecosystem is powered by its many participants that include developers, investors, reviewers, auditors, enterprise builders and smart folks from all over the blockchain space.
In order to provide better value to our community and give you a better way to coordinate with our team, ambassadors and advisors (without the noise present in general groups) we have decided to create a closed invite-only group hereby referred to as
Algorand Circle will house the best from the community; primarily those who are interested in growing Algorand Borderless Economy, building with us and learning more. It will be a community where Dapp developers converge, future enterprise integrators interact and thought leaders share ideas. You will get following benefits:
i) Recurring interaction with key team members behind the Algorand Blockchain
ii) Tech and Economics AMAs with our advisors, MIT professors
iii) Interact with fellow devs and Algorand global ambassadors
iv) Gaining access to ecosystem builders and developer only grant programs
v) Gain a way to interact with notable guest speakers from Crypto community
This is designed to make sure that the long term ecosystem builders of Algorand have a space where they can discuss their ideas to the fullest extent. The questions below don't all need to be answered correctly, but we want to gauge the knowledge level that people currently have about the project.
Your Telegram Account
Select the appropriate choices to fill the questionnaire!
What is Algorand Pure Proof of Stake? How is it different from normal Proof of Stake?
Pure proof of stake binds/locks your stake, has no barrier for participation and only offline users can take part in consensus.
Pure proof of stake doesn’t bind/lock your stake, has no barrier for participation and both online/offline users can take part in consensus.
Pure proof of stake doesn’t bind your stake, has no barrier for participation and only online users can take part in consensus.
What technologies does Algorand use in its Blockchain? Mark the appropriate ones.
Cryptographic Sortition through Verifiable Random Functions
Atomic2 swaps for trustless exchange
Bulletproofs for Privacy
Cryptographic Sortition through Randhound
Vault ™ to minimize storage and bootstrapping costs
User irreplaceable consensus
User replaceable consensus
Zero Knowledge proofs for Privacy
Silvio Micali, turing award-winner Algorand founder pioneered a number of cryptographic protocols used in Algorand. Mark appropriate ones:
Proof of Stake
Verifiable Random Function
Zero Knowledge Proofs
What is Algorand transaction finality and Block time?
4 Blocks and 4 seconds
1 Block and 1 second
4 Blocks and 1 second
1 Block and 4 seconds
What are the functions of Relay Nodes & Participation Nodes in Algorand?
Relay nodes propose and vote on Blocks while Participation nodes allow for efficient communication paths.
Relay nodes allow for efficient communication paths while participation nodes propose and vote on blocks.
What are Algorand staking rewards?
13% annual staking or participation rewards and 200% additional staking rewards for locking ALGO tokens for 2 years.
13% annual staking or participation rewards and 100% additional staking rewards for locking ALGO tokens for 2 years.
What are possible Algorand use-cases ? Mark all correct ones:
P2P Payment Blockchain
All of the above
How are new protocol changes (increase in Block size, new protocol implementation, L2 enhancement etc) added in Algorand?
Whole community votes for new protocol change, proposes Block time and change gets implemented. No forking happens.
Selected group of validators vote for new protocol change, propose Block time and change gets implemented.
Community votes for new protocol change, blockchain gets forked and longest surviving chain wins.
Algorand is secure against which type of attackers?
Network adversary that attacks by controlling the communication network used by the users.
Static adversary that controls a fixed group of users.
Dynamic adversary that can corrupt users at any moment during protocol implementation.
Algorand borrows its ideas from following popular Blockchains:
Own novel blockchain.
What makes Algorand better than other other blockchains?
Explain in your own word with an elaborate response
What are the weak points of Algorand?
At least three week points
What would you propose to change the weak points you mentioned in previous questions?
How would you introduce Algorand to someone who hasn’t heard about blockchain?
A 5-7 sentence introduction
Send me a copy of my responses.
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