Try Quests to earn cryptoRelation Between Rewads, Balance and Engagement in Algorand Wallets
Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake. Algorand nodes reach consensus about what should appear in the blockchain through a process called PPoS (or “Pure Proof of Stake”) — which uses a staking system (instead of a Proof of Work mining system like Bitcoin’s) to verify new transactions and produce new crypto tokens. The Algorand rewards are earned by everyone holding at least one Algo proportionally to their holding of Algos. Every address that holds 1 Algo or more in a non-custodial wallet is eligible to earn rewards. For addresses managed by custodians or centralized wallets/exchanges, it depends on the terms and/or policies of the custodian or wallet/exchange. The Algorand protocol itself ensures that every account that holds 1 Algo or more is eligible to earn rewards. One doesn't need to enroll in anything or sign up for this program. Rewards can be earned automatically just by holding Algos in an Algorand Wallet.