Don't you just love the 21st century where life is made easy so to speak and the world a global village? With the evolution of cryptography a number of digital currencies are in circulation.
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, these currencies are used as an alternate medium of exchange. Since the creation of Bitcoin , numerous coins have been created the likes of Etherum, Dashcoin, Doge, Electroneum, Litecoin and the rest is all I can say for now as there are over 500 of these currencies in circulation.
There are also a number of exchanges registered to enable transfers such as Blockchain, Crytopia.
While there are genuine sites, a number of fraudsters have become gainfully employed creating imitations of the original sites ans scamming unsuspecting users of their hard earned money. I was a victim of these scammers in an attempt to get the Dash coin, the price then was $238 and purchased thirty (30) coins and one Dash is currently trading at $759.14 multiply this rate by 30, your guess is as good as mine. I used www.dash-coin.net/wallet which is a dummy site .
So what is the way forward?
Before you put your money on any of these currencies, go to www.coindesk.com the leader of blockchain news to see if the original site and get all the juicy details of the coin before you stake your resources. These fraudsters work hard but they just channel their energy to negative venture, which they could have used for more rewarding enterprise.
Be careful, its no longer business as usual.
