1. | conceptFraud scheme to artificially increase the price (pump) of an asset to entice others to buy it, then sell (dump) it to unsuspecting investors, leaving them with an asset that is immediately valued far lower than they bought it for.
Pump and dump groups exist in many spaces, where the members of the group pick a random asset to pump and effectively play musical chairs, attempting to buy the asset quickly before the rest of the group has, and then sell it before anyone else does while the price is still being pumped.
* All terms and definitions will change as the Cryptionary improves
Proof of Stake
Proof of Work
Pump and Dump
Replace By Fee
Simple Ledger Protocol
Simplified Payment Verification
Stop Limit Order
Transactions Per Second
Two Factor Authentication