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…
Transaction Confirmation
Crypto Transaction Confirmation Explained
A crypto transaction confirmation is a process by which a transaction on a blockchain network is verified and added to the blockchain. This process is necessary to ensure the blockchain's integrity and immutability and prevent the double-spending on cryptocurrency. When a user initiates a transaction, it is broadcast to the network and grouped with other transactions into a "block." This block is then added to the blockchain by a process called "mining." Miners use powerful computers to solve complex mathematical…
Block Education 
@BlockEducation
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