Pyramid Scheme
A pyramid scheme is a fraudulent investment plan where profits come from recruiting new participants rather than from any real business activity.
More terms under P
- Public-Key CryptographyPublic-key cryptography is a method that uses pairs of keys—one public and one private—to securely encrypt and decrypt information. The public key can be…
- Public-Key InfrastructureA public key infrastructure (PKI) is a system that helps create, manage, and use digital certificates and public keys. It includes the people, rules, tools,…
- Pump and Dump (P&D) SchemeA pump and dump scheme is a type of fraud where people create fake hype around a cryptocurrency to drive up its price. Once the price is high, they sell their…
- Pump and Dump SchemeA Pump and Dump Scheme is a way to manipulate the market by artificially increasing the price of an asset, then selling it for profit before the price drops…
- Pure Proof of Stake (PPoS)Pure Proof of Stake (PPoS) is Algorand's way of choosing who gets to validate transactions by randomly selecting validators based on how much cryptocurrency…
- Put OptionA put option is a contract that gives you the right to sell a specific asset at a set price before a certain date, but you're not required to sell it.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.