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…
DPoS
What is Delegated Proof of Stake (DPoS)?
Delegated Proof of Stake (DPoS) is a consensus algorithm some blockchain networks use to achieve distributed consensus. In a DPoS system, token holders can delegate their voting power to "delegates," who are responsible for validating transactions and adding new blocks to the chain. The process of reaching consensus in a DPoS system works as follows: First, token holders vote for delegates using their tokens. These votes determine how much "voting power" a delegate has. The top N delegates with the…
Block Education 
@BlockEducation
@BlockEducation
1 month ago 
104 views