The Rising Threat of Crypto Scams
Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it is not controlled by any single entity. It is a relatively new form of currency that has gained popularity in recent years due to its ability to operate outside of the traditional financial system. One of the most well-known cryptocurrencies is Bitcoin, which was introduced in 2009. Since then, many other cryptocurrencies have been created, including Ethereum, Litecoin, and Ripple. These currencies are often referred to as "altcoins," or alternatives to Bitcoin. One of the main attractions of cryptocurrencies is their ability to operate without the need for a central authority, such as a bank or government. This allows for greater transparency and security, as transactions are recorded on a decentralized digital ledger called a blockchain. Another key feature of cryptocurrencies is their use of cryptography to secure transactions. This involves the use of compl...