Welcome Fellow Community Members to our August Weekly Contest, your one-stop place for you to win exciting prizes each week through the month of August.
We will be posting a new contest each week, all with exciting tasks and even more exciting prizes. After each contest, we will be announcing the winner.
Trivia!
Task: Answer these questions:
Which country is the largest bitcoin miner?
What happens to your bitcoin if you lose the private keys?
What is the name of the first altcoin?
What is an automated computer program that is hosted and executed on a blockchain, when predetermined terms and conditions are met?
Which is your favorite cryptocurrency (altcoin) other than Bitcoin and why?
Deadline: 16th August 2024, 11.59 PM EST.
1 winner,
Prize: $25
Contest Guidelines:
All contests must be played within the community thread.
Do not copy or refer to answers from the internet.
Do not share any personal information in the community thread.
The United States of America is the largest Bitcoin miner…
If you lose your private keys, you effectively lose access to your Bitcoin. The private key is the only way to prove ownership of the Bitcoin associated with a specific address and to authorize transactions from that address.
The first altcoin is Namecoin. Launched in April 2011.
An automated computer program that is hosted and executed on a blockchain, when predetermined terms and conditions are met, is called a smart contract.
Dogecoin, because of its low fees when trasfering them and fast transaction
The United States is the largest Bitcoin miner in the world.
If you lose your private key, you lose access to your Bitcoin permanently, as the key is essential for accessing and managing your funds without it, there’s no way to recover or transfer your Bitcoin
The first altcoin is Namecoin. which was launched in April 2011.
An automated computer program hosted and executed on a Blockchain which runs when predetermined terms and conditions are met, is called a smart contract.
Ethereum, because it introduced smart contract and a decentralized platform for building applications, which has enabled a wide range of innovation, including decentralized (Defi) and non-fungible tokens (NFTs). It’s robust of the Blockchain space.
Trivia!