Search results
Results from the WOW.Com Content Network
Polygon (formerly Matic Network) is a blockchain platform which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain. Polygon's native token is POL, an ERC-20 token which allows for compatibility with other Ethereum ...
A blockchain is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". [63] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given ...
A "rug pull" is a scam, similar to an exit scam or a pump and dump scheme, in which the developers of an NFT or other blockchain project hype the value of a project to pump up the price and then suddenly sell all their tokens to lock in massive profits or otherwise abandon the project while removing liquidity, permanently destroying the value ...
For premium support please call: 800-290-4726 more ways to reach us
Fraud is part of any decentralized system, but should regulators step in?
A pig butchering scam (in Chinese sha zhu pan [116] or shazhupan, [117] (Chinese: 杀猪盘), translated as killing pig game) [115] is a type of long-term scam, which usually but not always combines the various forms of romance scams and investment frauds, in which the victim is gradually lured into making increasing contributions, usually in ...
The token’s price peaked at $0.00004028, the Crypto Times reported, before its market cap plummeted to $60 million, marking a whopping 91 percent decline in value.
These earned tokens were purportedly exchangeable for other cryptocurrencies or national currencies, further fueling the excitement around Squid Coin. [3] However, as the value of Squid Coin skyrocketed, [8] [9] concerns began to surface. Investors who had bought into the cryptocurrency soon discovered that they were unable to sell their tokens.