TBC: IS THE COIN YOU HAVE A REAL COIN?
DOES IT HAVE A PUBLIC BLOCKCHAIN LEDGER? IF NOT, THINK TWICE! IT MUST BE SCAM!
WHAT IS BLOCKCHAIN? It is the Opensource Decentralized transactions database.
[08/11, 8:29 a.m.] TBC: An "open source" crypto currency is Decentralized where a person is FREE to use the crypto coin thru Peer to Peer or wallet to waller transfer of funds whether it is for the use of payments and purchases. A decentralized crypto coin is called open source when it has a "Blockchain public ledger" where transactions are being recorded for both incoming and outgoing of transactions and is also used to check the "confirmation" status of a transfer. A Blockchain explorer is a tool to track or trace a Block data of a transaction in every use of cryptocoin activities. In short, a coin that has a Blockchain ledger and is an open source "out of nobody's control or decentralized" are the legit ones to be called cryptocurrency coin.
[08/11, 8:31 a.m.] TBC: BLOCKCHAIN EXPLORER KEYPOINTS:
DISTRIBUTION - (OPENSOURCE ACTIVITIES FOR INPUTS AND OUTPUT TRANSACTIONS) DECENTRALIZED
PUBLIC - (TRANSACTION RECORD PUBLICITY) TRACEABLE TRANSACTIONS
TIME STAMPED - DATE AND TIME RECORD OF A TRANSACTION
PERSISTENCE - PEOPLE'S PARTICIPATION AND ACTIVITIES RECORDED IN A BLOCKCHAIN
PROOF OF WORK - MINING AND DATA INTEGRITY OF A COIN. WITH THE COMBINATION OF HASHING AND MERKLE ROOTING WHICH THE BLOCKCHAIN USE FOR ALGORITHMIC PROBLEM SOLVING SOLUTIONS
HASH - ONE WAY FUNCTION IN BLOCKCHAIN AND DECENTRALIZE SYSTEM.
MERKLE ROOT/TREE - ESSENTIAL PART OF THE BLOCKCHAIN FOR DATA INTEGRITY.
IT COLLECTS HASH TRANSACTION DATA IN A BLOCK AND LOCATES EACH HASH FUNCTIONS CONNECTED TO EACH OTHER.
[08/11, 8:33 a.m.] TBC: THEBILLIONCOIN (TBC) BLOCKCHAIN EXPLORER
Powered by: Litesight: Blockchain Explorer for LiteCoin http://tbc001.net:4444/ or http://tbc002.net:4444
TBC Is not and can never be a scam!
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