Exit Scam
An exit scam happens when a cryptocurrency project takes investors' money and then disappears, leaving them with nothing. It's similar to a business that stops delivering products after getting paid for new orders.
More terms under E
- Ethereum Virtual Machine (EVM)The Ethereum Virtual Machine (EVM) is a system that allows computer programs, called smart contracts, to run on the Ethereum network. It ensures that these…
- Event TriggersWhen a transaction is completed, smart contracts can create notifications and save information on the blockchain that can be used by the user interface.
- ExchangeAn exchange is a platform where people can buy and sell cryptocurrencies using regular money or other cryptocurrencies.
- Exchange Traded Fund (ETF)An Exchange Traded Fund (ETF) is an investment that groups together different assets, like stocks or cryptocurrencies, and can be bought or sold on a stock…
- Explain Like I'm Five (ELI5)Explaining something in a way that is so simple that even a five-year-old can understand it.
- Externally Owned Accounts (EOA)Externally owned accounts (EOAs) are accounts in cryptocurrency that are managed by a private key and do not have any built-in code or functions.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.