^{Designed in Canva}

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Introduction

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Greetings everyone! I hope you are all doing well. I welcome you all to Season 4 of the S4B Crypto Contest. The purpose of this contest is to enhance our collective knowledge of crypto-related topics.

As we all know, Steemit is a blockchain-based social media platform with its native coin, Steem, which is essentially a type of cryptocurrency. Therefore, I would like everyone associated with this platform to have a basic understanding of crypto, blockchain, and trading-related concepts.

In this contest, you will be given some simple questions, based on which you are required to write your blog post. It's not necessary to simply answer these questions; you can write freely, but the aim is to ensure that your post revolves around them.

Lastly, don't forget to read the contest rules, as they are very important. 🙂

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Contest Hints

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• What is a blockchain and how does it work?

• What is a consensus mechanism and why is it important in a blockchain?

• Explain the difference between proof-of-work and proof-of-stake consensus mechanisms.

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Rewards

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Rank	Prize
1st 🏆	Booming
2nd	3 SP
3rd	2 SP

We'll be awarding booming rewards in line with Steemit team rules. This means users who've already received two booming votes in a week across the platform won't be eligible for more.

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Rules of the Contest

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• Subscribe to the Steem4Bloggers community and invite at least three friends to join the contest.

• Your post should have the title S4B Crypto Contest - Season 4

• The first four tags of your post should be #waqar-c4s4b #steemexclusive #yourcountry #clubstatus

• Posts must be unique and exceed 300 words.

• You can write in any language, as long as it is supported by Google Translate.

• Use images that you own or royalty-free images, and ensure that you properly cite the sources.

• Plagiarism in any form is strictly prohibited. Violators will be disqualified from the contest.

• Content generated by AI or paraphrased from other sources is not permitted.

• Participants must be members of either #club5050, #club75, or #club100, and must submit their posts to the Steem4Bloggers community.

• Participants must be bid-bot free and verified by the Newcomer's community.

• Allocate 25% of the post's beneficiary rewards to the null account to support the #burnsteem25 project. (Optional)

• Allocate at least 10% of the post's beneficiary rewards to @hive-109435 to support our community account. (Optional)

• We encourage sharing your post on X.

• Resteem this post and share your entry link in the comments section of this post.

• The deadline for this contest is until the payout of this post.

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Best Regards,
@waqarahmadshah

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Cc:
@disconnect