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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag! 

Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period. 

- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge. 

Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch

- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period. 

- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch. 

Terms and conditions: 
- 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends. 
- Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends. 
- Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable. 
- No refunds or cash equivalent value of the rewards will be granted.

Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)

Your security matters. Always verify first 🔐

Use Binance Verify to check if a URL, email, phone number, Telegram, or social media account is officially from Binance:
Binance Verify

For further checking, you may also reach our support team via live chat:
Binance Customer Support

Stay safe from scammers 💛

What is Bitcoin?

$BTC was invented in 2008 by a person or group using the name Satoshi Nakamoto, as described in the Bitcoin Whitepaper. It is based on blockchain technology.

In simple terms, Bitcoin is a digital #currency that allows people to send money directly from one person to another over the internet, without needing banks or intermediaries.

Every Bitcoin transaction is:

• Secure

• Transparent

• Recorded on a public ledger called the blockchain

#Bitcoin is the world’s first fully open and decentralized payment network, meaning anyone with an internet connection can participate.

Key Bitcoin Milestones

- Whitepaper released: October 31, 2008
- Bitcoin network launched (Genesis Block): January 3, 2009.
- First Bitcoin transaction: January 12, 2009 Sent by Satoshi Nakamoto

Bitcoin Supply

One of Bitcoin’s most important features is its limited supply.

• Maximum supply: 21 million $BTC (fixed forever)

• Bitcoins already mined: 19.7 million BTC

• Bitcoins left to mine: 1.3 million BTC

This is one reason Bitcoin is often compared to digital gold

How New Bitcoins Are Created

New bitcoins are created through a process called mining.

• Computers solve complex #cryptographic puzzles

• This process secures the network

• Miners are rewarded with newly created bitcoins

The mining reward is reduced by half roughly every 4 years in an event called the $BTC Bitcoin Halving. This slows down new supply over time.

Did you know?

In Bitcoin’s early days, people could earn bitcoins for free just by solving simple CAPTCHA tasks. At that time, Bitcoin had little to no value.

#Bitcoin is more than just a digital coin. Its #decentralized nature, fixed supply, and secure network make it unique in the financial world.

If you’re new to #crypto, understanding Bitcoin is the first and most important step.

For deeper knowledge, I strongly recommend reading the Bitcoin Whitepaper written by Satoshi Nakamoto.

Break complex tech into simple ideas.