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May the holiday season bring Binance the gift of seamless transactions, the joy of technological advancements, and the warmth of a thriving crypto community. Here's to a Christmas filled with bullish trends and a New Year brimming with blockchain brilliance! #BinanceWish $BNB Hasib_Dadu CryptoTalker

May the holiday season bring Binance the gift of seamless transactions, the joy of technological advancements, and the warmth of a thriving crypto community. Here's to a Christmas filled with bullish trends and a New Year brimming with blockchain brilliance!

#BinanceWish $BNB

Hasib_Dadu

CryptoTalker

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Binance Announcement
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Unlock the Magic of Christmas with Binance: $150,000 Giveaway!
This is a general announcement. Products and services referred to here may not be available in your region.
Activity Period: 2023-12-12 13:00 (UTC) to 2023-12-22 13:00 (UTC)
This festive season, Binance is spreading joy by granting your Christmas wishes with a staggering giveaway of $150,000 in BNB token vouchers!
How to Participate
Follow us and post your Christmas wishes on any of our social platforms.
X (Twitter)
Retweet: Spread the holiday spirit by retweeting our giveaway post.Follow @Binance: Stay in the loop for more exciting updates.Share Your Wish: Tweet your Christmas wish using #BinanceWish and tag two friends who deserve some festive joy.
Instagram
Follow @Binance: Keep up with us on Instagram for a chance to win!Comment on the giveaway post with your wish and tag two friends.Share the giveaway post on your Stories using #BinanceWish to share the magic.
TikTok
Follow @Binance: Stay tuned on TikTok for exclusive holiday content!Tag Two Friends: Mention two friends in the comments who should see your wish.Create a Video: Post a creative video explaining your Christmas wish with the hashtag #BinanceWish.
Binance Square
Follow @Binance_Square_Official or @BinanceSquareCN.Quote the giveaway post.Share Your Wish: Post it using #BinanceWish and mention two friends in your post.
Telegram
Join any of the Binance Telegram communities, whether global or local.Share Your Wish: Post your wish using #BinanceWish.
Discord
Join the Binance Discord server.Share Your Wish: Post your wish using #BinanceWish in the #global-chat channel.
Winners will be selected based on a number of factors, including the creativity, uniqueness, purpose of the wish of the participants’ entries, authenticity, and so on.
Rewards Structure:
We will select one winner per social platform. Each winner will be rewarded with $25,000 in BNB token voucher.
Terms & Conditions
By entering or participating, each entrant or participant (“Entrant”) agrees to these terms and conditions (“Terms and Conditions”, including https://www.%domain%/en/pp-terms) and the decisions of Binance, which are final and binding in all respects.
Only Binance.com KYC-ed users are eligible to join this activity.This giveaway is in no way associated with X (Twitter), Instagram, TikTok, Discord or Telegram.To enter the giveaway on social media platforms, follow the mechanics in the promotion announcement or in the social post referring to this promotion on X (Twitter), Instagram, TikTok, Square, Discord or Telegram.One winner will be selected from each social platform based on a number of factors, including the creativity and uniqueness of the participants’ entries, authenticity, and so on. A total of six winners will be selected in the promotion.Participants should set their social media accounts public [not private account] until the winners are announced to ensure Binance can send winners a DM and verify their entry post. Six winners will each win $25,000 from a total of $150,000 BNB token voucher rewards pool.Winners will be announced via Binance social accounts on X (Twitter), Instagram, TikTok, Square, Discord and Telegram, within four weeks after the promotion ends. Binance will contact winners through their social handles used to participate.Winners will have to reply within five days of winner notification, or their prizes will be forfeited.Rewards will be sent in the form of BNB token vouchers within 30 days of the end of the promotion. BNB/USDT opening price at 00:00 (UTC) on the date of distribution will be used for calculating the rewards. Users may login and redeem their token voucher rewards via Profile > Rewards Hub.All vouchers will expire within 10 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Learn how to redeem a token voucher.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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4. Proof-of-Work To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-of-work system similar to Adam Back’s Hashcash[6], rather than newspaper or Usenet posts. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash. For our timestamp network, we implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it. The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains To modify a past block, an attacker would have to redo the proof-of-work of the block and all blocks after it and then catch up with and surpass the work of the honest nodes. We will show later that the probability of a slower attacker catching up diminishes exponentially as subsequent blocks are added. To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they’re generated too fast, the difficulty increases. #BinanceSquare #BTC #BitcoinWorld #uniswap #ftx
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2. Transactions We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership. The problem of course is the payee can’t verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank. We need a way for the payee to know that the previous owners did not sign any earlier transactions. For our purposes, the earliest transaction is the one that counts, so we don't care about later attempts to double-spend. The only way to confirm the absence of a transaction is to be aware of all transactions. In the mint based model, the mint was aware of all transactions and decided which arrived first. To accomplish this without a trusted party, transactions must be publicly announced[1], and we need a system for participants to agree on a single history of the order in which they were received. The payee needs proof that at the time of each transaction, the majority of nodes agreed it was the first received. #BinanceSquare #BitcoinWorld #Binance #bitcoin #usdr
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