Receive 1 STEEM each first 10 person answer correctly! Read the Notes!

in contest •  4 months ago

Let's have fun! I am willing to give 1 Steem for the first 10 people will answer correctly and 2 Steem for the first person with a Correct Answer! Let's start with my Prolonged message.

We all know that all price of Crypto is low and that was not new to me? If you are observant and knows the game in trading, you will know what is really happened. Do not worry about what happens in the price of coins and token because everything will return to its previous price.

Now, I am in Bitcoin Mining to earn extra and to have a monthly passive income. By reading about Bitcoin and how it works, I discover a very important thing about Mining of Cryptocurrency and I will begin with this question!

Here is the Question:

  • What is the Back Bone of Bitcoin or any Crypto coins or Tokens?

NOTE:

After you put the answer in the comment, I required to resteem this contest and upvote to use the amount that I will receive here! No resteem not accepted.




I am a member of AWS Mining... And if You want to know more click the image below and register... You can reach me at Discord or Facebook...There is no coercion here, it's your own decisions.

Click the image to navigate and register

Waiting for the positive response guys! It's your own decision and there is no coercion here. Good luck to the contest!


And to cast your votes, click here!


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Sort Order:  

Blockchain

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Nope... (^_^)

Cryptography

The nodes cluster

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Nope its not... (^_^)

Blockchain(community) 😂😂😂

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Nope... (^_^)

the answer is mining,.. without mining there would be no blockchain,.. nor bitcoin, without the internet, the entire concept would be nothing. back to paperwork and files,.. the public ledger, of course the backbone of that are computers and the technology,.. and the backbone of those are human consciousness and progression of thought, bringing the blockchain closer to God (in a sense, IF you believe)

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Wow!!! You are almost there!!! Very! Very near!!! I will not give hint because you are there!!! LOL

All cryptocurrencies are Bitcoin or another unit, regardless of their technical characteristics, they are Token. A Token in the context of Bitcoin represents an alphanumeric string that can be a public key or a private key. For example this key publishes 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy (multfirm because it starts with a 3) is a Token. A Token in the Bitcoin protocol can be any alphanumeric string that represents a record in the decentralized Bitcoin consensus database.

a token and a currency is that a currency is issued by a local or national authority and is freely exchangeable for goods or other currencies, while a token has a much more limited use and is often issued by a private company, institution, group, association or person, so they are not legal tender money.

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Nice, but don't get me wrong. When you say Cryptocurrency that means a different name of coins or a token and different algorithm and Bitcoin is one of them. Let me correct, you said "All cryptocurrencies are Bitcoin", as I explain from the top, it is not because Bitcoin is a coin and not a token.

  • Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
  • Crypto tokens represent a particular fungible and tradable asset or a utility that is often found on a blockchain.
  • Coins, alternative cryptocurrency coins are also called altcoins or simply “coins”. They’re often used interchangeably. Altcoins simply refers to coins that are an alternative to Bitcoin.

The bitcoin protocol also referred to as bitcoin backbone, the protocol is executed by key players who ensure the running and maintenance of the Blockchain.

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Nope... (^_^) But almost there...

now, the real question,.. how do we invest into blockchain?

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not sure how to re-steem your content question, I am still new at this stuff

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If you are using Steemit it is the box with the arrow pointing out of it.

Blockchain
I think.

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Nope... (^_^)

blockchain

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Nope... (^_^)

Blockchain
Am I right? hehe :-)

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Nope... (^_^)

This is protocol, blockchain.

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Nope... (^_^)

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So Bitcoin users ;-)

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Blockchain

Posted using Partiko Android

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Nope... (^_^)

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Haha. No second try? 😀

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Nope... (^_^)

blockchain

This comment was made from https://ulogs.org

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Nope... (^_^)

Bitcoin protocol

Posted using Partiko Android

Blockchain

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Nope... (^_^)

I guess BITCOIN is the answer.

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Nope... (^_^)

Blockchain:)

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Nope... (^_^)

Cryptographic signatures

Posted using Partiko Android

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Nope... (^_^)

Protocol is the answer.

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Nope... (^_^)

The internet?

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Nope... (^_^)

The internet?

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Nope... (^_^)

Can I try one more time?
I guess TOKEN is the answer.

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Nope... (^_^)

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Blockchain baby!

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Nope... (^_^)

Community/adopters

Posted using Partiko Android

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Nope... (^_^)

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Hmmm... Interesting @kennyroy, but by saying "back bone" what do you mean? Can you explain it more?

Posted using Partiko Android