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…
Polkadot
What is Polkadot (DOT) and How Does it Work?
Polkadot is a blockchain protocol that aims to enable interoperability between different blockchain networks. It allows different blockchains, each with unique features and uses cases, to share data and assets in a secure and decentralized manner. Polkadot uses a unique multi-chain architecture consisting of two chains: relay chains and parachains. The relay chain is the network's central hub, responsible for maintaining the overall security and consensus of the network. Parachains are independent chains connected to the relay chain and can…
Block Education
@BlockEducation
3 weeks ago 115 views