Ponzi Scheme

De Cryptomcmillan1| Actualizat la May 24, 2020
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. Ponzi schemes usually come with the promise of high returns and little risk, while requiring members to actively recruit more members to join the scheme. Once recruitment stops the schemes usually go bust as they run out of funds to pay existing members.

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Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
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