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#obol #ALPHA🔥 According to Binance's announcement, users with 153 Alpha Points or more will receive 165 OBOL airdrops within 20 minutes after the spot trading begins. In addition, users with Alpha Points between 116 and 152 and whose UID ends with 6 will receive a lucky airdrop. The official recommendation is to use limit orders to avoid congestion on the Ethereum network.
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What content is included in the BTC white paper?
A simple introduction to the content of the BTC white paper
1. Introduction
The white paper begins with a critique of the traditional financial system, pointing out the problems caused by existing payment systems that rely on trusted intermediaries (such as banks), including high transaction fees, delays, and potential fraud risks. Satoshi Nakamoto aimed to create a peer-to-peer electronic cash system that allows users to trade directly without relying on a third party.
2. Peer-to-peer network
Satoshi Nakamoto proposed a concept of a decentralized network where users can trade directly with one another. Through network protocols, each user can participate in the validation of transactions, ensuring that no one can spend the same Bitcoin twice (double spending).
1. Introduction
The white paper begins with a critique of the traditional financial system, pointing out the problems caused by existing payment systems that rely on trusted intermediaries (such as banks), including high transaction fees, delays, and potential fraud risks. Satoshi Nakamoto aimed to create a peer-to-peer electronic cash system that allows users to trade directly without relying on a third party.
2. Peer-to-peer network
Satoshi Nakamoto proposed a concept of a decentralized network where users can trade directly with one another. Through network protocols, each user can participate in the validation of transactions, ensuring that no one can spend the same Bitcoin twice (double spending).
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Historical prices of BTC, what cycles does BTC have, and how should ordinary people invest in BTC?
Historical price cycles of Bitcoin
Bull and bear market cycles: Bitcoin has gone through multiple bull markets (price surges) and bear markets (price declines), such as:
2013: First surpassed $1,000.
2017: Reached a peak of nearly $20,000.
2018: Fell back to around $3,000.
2021: Once again surpassed $60,000.
2025: Expected to break new highs, possibly $150,000, possibly $200,000.
Cyclical patterns: Historically, the price of Bitcoin may be influenced by 'cyclical patterns', with a halving event occurring every four years (every 210,000 blocks), typically followed by a bull market within a year.
Bull and bear market cycles: Bitcoin has gone through multiple bull markets (price surges) and bear markets (price declines), such as:
2013: First surpassed $1,000.
2017: Reached a peak of nearly $20,000.
2018: Fell back to around $3,000.
2021: Once again surpassed $60,000.
2025: Expected to break new highs, possibly $150,000, possibly $200,000.
Cyclical patterns: Historically, the price of Bitcoin may be influenced by 'cyclical patterns', with a halving event occurring every four years (every 210,000 blocks), typically followed by a bull market within a year.
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The operating logic of BTC, how BTC prevents tampering, have there been any major incidents in BTC's operation to date?
Blockchain Technology:
Every Bitcoin transaction is recorded on the blockchain, which is a distributed ledger. Each block contains multiple transactions and is linked to the previous block through cryptographic hashes, forming a chain. Any attempt to tamper with a transaction would require recalculating the hashes of all subsequent blocks, which is nearly impossible.
Decentralized Network:
The Bitcoin network consists of thousands of nodes that collaboratively validate and record transactions. This decentralization ensures that no single entity can control or tamper with the data.
Consensus Mechanism:
Every Bitcoin transaction is recorded on the blockchain, which is a distributed ledger. Each block contains multiple transactions and is linked to the previous block through cryptographic hashes, forming a chain. Any attempt to tamper with a transaction would require recalculating the hashes of all subsequent blocks, which is nearly impossible.
Decentralized Network:
The Bitcoin network consists of thousands of nodes that collaboratively validate and record transactions. This decentralization ensures that no single entity can control or tamper with the data.
Consensus Mechanism:
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CZ
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It seems the more you tell people not to FOMO, the more they do it. 🤷♂️😂
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