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
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
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