Uncovering the Truth About Cryptocurrency: Is it a Ponzi Scheme?
Ponzi schemes are fraudulent investment schemes that pay returns to early participants by enticing new participants to invest. Charles Ponzi, who conducted a notorious Ponzi scheme in the early 1900s, gave his name to this sort of scam, in which new investors are used to paying off older ones, creating the appearance of success. Eventually, […]
Web3 and Decentralized Finance (DeFi): A New Era of Financial Inclusion
DeFi is an abbreviation for “decentralized finance,” which describes a new category of decentralized financial applications based on blockchain. DeFi platforms eliminate the need for centralized financial institutions by providing services including lending, borrowing, trading, and payment processing. The phrase “Web3” is used to refer to the third generation of the internet, where people have […]