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…
Invalid Transactions
What are Crypto Invalid Transactions?
The network rejects crypto-invalid transactions because they do not adhere to the protocol's rules. One example of an invalid transaction is a double spend, where the same funds are spent twice. This occurs when a user sends a transaction to one recipient and then sends an identical transaction to another recipient. The network will only confirm one of the transactions while the other is rejected as invalid. Another example is a transaction that exceeds the current block size limit. The…
Block Education
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