What to Know About Cryptocurrency and Scams

Cryptocurrency is digital money that doesn’t require a bank or financial
institution to verify transactions and can be used for purchases or as an
investment. Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades.
This session will have you exploring how the process of using
cryptocurrencies works without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies. Cryptocurrencies do not exist as a stack of notes or coins. Instead, they live only on the internet. Consider them virtual tokens, the value of which is decided by market forces created by those seeking to purchase or sell them.
This session will cover the origins of this type of currency; how it is mined; what are the types; how to avoid pitfalls with this type of investing.