Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
ALGO
What is Algorand (ALGO) and How Does it Work?
Algorand (ALGO) is a decentralized, open-source blockchain platform that uses a consensus algorithm called Pure Proof of Stake (PPoS) to achieve fast and secure transactions. The Algorand network is designed to be scalable and energy-efficient, allowing many transactions to be processed quickly. Transactions are confirmed by a set of validators chosen randomly from a pool of eligible participants. The Algorand protocol also includes a built-in mechanism for incentivizing network participation, which helps ensure security and stability. The native cryptocurrency of…
Block Education 
@BlockEducation
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3 weeks ago 
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