An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Algorand
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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