S4B Crypto Contest - Season 01
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Assalam O Alaikum #Steem4Bloggers Community today am participant of CONTEST the topic about S4B Crypto Contest this organized by @waqarahmadshah .... I am excited to participate in this inform contest to crystalizing some light on Bitcoin and its compllexity. if you are a experiensed investosr or just diping your middlle toe into the digitally curency provinse understanding Bitcoin and its shade is critical. So let's start..
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Bitcoin is a digitally curency that get a life only in the digitally world are unlike to regular money which is physicalky like coins and billss. What makes Bitcoin different is that its decentralised meaning there no centrally authoritys like a bank or government on controling it. Also Bitcoin has a limited supplly unlike regular money which can be printed endleslly. This means to Bitcoin can not be increased like regularly money can be.
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Blockchain is like a digitally archived or recording book that storess information in blocks that are conect together in a chain. Each block repres data about activitys and once aded its nearlly imposible to change. This technollogy is the back bone of the Bitcoin as it keeping in track of all Bitcoin transections in a secured and transparents way without needing a centrally charge to overseee it. So Anytime you send or accepting Bitcoin its recording on the block chain be sure the togethernes and certainlys of the procedingss.
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You can get Bitcoins by buying it from the online exchangess acepting it as payment for goods or servicess or by remove
it using speciallized computer hardware to solve complexs arithmetically problems. To keep your Bitcoin safe on store it in a securred digital wallet with strong on encryptions and privates keys. Its also wise to use reputablle exchangess and enablle aditional security calculate like two factor confirm. Avoid sharing your private keys or stored large amounts of Bitcoins on trading as they can be endanging to hacking atacks.
The conclusion on provide with this understanding you are now provide to begin on your crosing into the interesting world of Bitcoin and blockchain technollogy. May your exploration be filled with discovery education and maybe a few digital riches along the way.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Saludos amiga el bitcoin es una moneda virtual y que cada día cobra valor. Es importante conocer sobre este tema porque es lo que está en tendencia en el mercado.
Le deseo éxitos en la participación
thank you for your comment I appreciate your reminder about the importance of staying informed about Bitcoin and its market trends. Wishing you all the best!
Wa Alaikum Assalam @nooruleman! It is great to see your enthusiasm for participating in the S4B Crypto contest.
Your explanation of Bitcoin and its complexity is well-articulated.
Overall your entry provides a solid understanding of Bitcoin and blockchain technology, making it a valuable read for those looking to delve into this fascinating world. Good luck with the contest.
thank you for your kind words and encouragement! I truly appreciate your support.
Thank you for sharing such an informative post. As I am always curious to now about the crypto so this post proved an outstanding information source
Thank you so much for inviting me to the contest. Great reading your post, it was very informative and it was comprehensive too. I wish you all the best for the contest and look forward to more informative blogs from you.