Proof-of-Developer (PoD)
By CoinGecko | Updated on Mar 03, 2020
Proof of Developer was a mechanism that was spearhaeded back in 2014 as a means for cryptocurrency and ICO projects to verify that they are actively managed by a developer(s). This concept was created at a time when issues of pump and dump altcoins and ICOs were rampant. Where scammers were reportedly copy pasting codes from existing cryptocurrencies to market and sell for quick profits.
Related Terms
Pay-Per-Last N Shares (PPLNS)
PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.
Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
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