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A form of digital currency that utilizes cryptographic protocols to record ownership, prevent counterfeit (when ownership and transaction gets logged onto the blockchain). Bitcoin is one of the most successful examples which combines peer-to-peer networking, cryptography and incentivization by design to create a cryptocurrency.
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
