no staking reward, so how the new coins are mined?
Hi Derrick, hope you are doing well 😃There is no staking in algo currently but you can earn rewards by participating in the governance and you will get an APY based on your holding 😉
Thank you :) So the only way for Algorand inflation is governance rewards?
At the moment yes, should there be any update regarding to this it will be communicated to the community. Also important to note that currently we do not have any burning plan as of now 😉
it's not a proof of work chain.
Read this: https://www.algorand.com/technology/pure-proof-of-stake
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