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…
Blockchain Oracles
What are Blockchain Oracles?
Blockchain oracles connect external data to smart contracts on the blockchain. They do this by providing the smart contract with the necessary data to execute its terms and conditions. Oracles can retrieve data from various sources, such as APIs, web pages, and other off-chain systems. They then digitally sign the data and send it to the smart contract on the blockchain, which can then use the data to trigger the execution of the contract. Oracles are important for making smart…
Block Education
@BlockEducation
2 weeks ago 68 views