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This video defines digital currency as a digital coin you can send through the internet. It is a currency that is accepted by people but isn't issued by a bank or the government. Digital currency is traded from person to person so there are no extra fees, limits or restrictions. You can also trade your digital currency for other currencies for example the Canadian dollar.
We chose this video because it gave a good explanation of what digital currency is, it is easy to follow for someone who has no idea what digital currency is and it is an underrated video with very few views.

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This video shows how digital currency can be compared to our debit cards. Imagine we we had to make physical transactions for all our purchases with bills and coins. Having a digital currency is much more convenient and more affordable. An online coin can't get lost or stolen.
We chose this video because it explains why digital currency is better and why it is the future throughout the world. In this video we learned about all the benefits to digital currency as well as an explanation of it.

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Facebook launches their new digital currency or cryptocurrency called “Libra” which is similar to the trend of bitcoin. They have partnered up with other companies like Visa, Uber, Lyft, Spotify, etc. Which can be used to buy and sell things through facebook itself. Though it is similar to Venmo and paypal it uses its past popularity to try to make people use Facebook more frequently.

We chose this video because it sounds like a great idea market wise for Facebook and to show how innovative things can revamp an old website like Facebook. What we learned from this video is how our generation and economy can adapt to trends, simplify things and keep things running.

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On our Padlet you'll see videos, websites and photos that describe digital currencies and cryptocurrencies like bitcoin. Digital currencies are going to be the future and we are already moving more into online banking.

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This video explains about the truth of bitcoin and the past history of what it has become worldwide. It explains how digital currency of bitcoin uses transactions between people and has become popular for many who don’t trust the security of a third party and the extra fees that can sometimes be applied to transactions.

We chose this video because it explains the concept thoroughly and we agree with what bitcoin has created making transactions faster with no unnecessary fees. We learned that bitcoin was just a start to digital currency and many cryptocurrencies in the future will come to replace bitcoin and maybe
make digital currency the main type of transactions between people in the future.

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We have selected this image as it shows the general of money or cryptocurrency flying through the network as it seems like its linking from one individual to another without having any blocks or problems, this also seems to showcase that it is a fast and simple transaction.

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We chose this image to represent online banking with digital currency.  Soon all banking will be done online with different kinds cryptocurrencies. This imagine shows how all the banks are connected and how much easier online transactions are.

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This website explains cryptocurrencies like Bitcoin to beginners. Cryptocurrency can be compared to using a debit card, paypal, venmo etc. except instead of trading dollars its cryptocurrency. To obtain cryptocurrencies you can exchange goods and services, trade dollars or other trade other cryptocurrencies for them.
We chose this website because its breaks down cryptocurrency into concepts and is for beginners. This website is great if you have no idea what digital currencies or cryptocurrencies are and want to learn quickly. We learned how cryptocurrency can be obtained and what a blockchain is.

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How Does Cryptocurrency Work? (for Beginners)

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We explain “how cryptocurrency works.” The goal of this guide is to teach beginners about blockchain and digital currencies (like Bitcoin).

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This website has a video to explain cryptocurrency as well as information about how it originated and how it works. Bitcoin was the first cryptocurrency and is still the most important of them all. 1 Bitcoin today is equal to $8,344.90 Canadian Dollars.
We chose this website because it breaks down cryptocurrency and Bitcoin. Since bitcoin is the biggest cryptocurrency its really important that we covered bitcoin.

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What is Cryptocurrency? [Everything You Need To Know!]

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What Is Cryptocurrency: 21st-Century Unicorn – Or The Money Of The Future? TL;DR: Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, an…

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This website showcases the future of cryptocurrency and different people’s statements on the topic of digital currency and bitcoin. It explains how bitcoin is popular because of the people who give it value and how it has risks of collapsing due to limited transactions. This explains why bitcoin at its peak had around a market value of 2 billion and dropped its value shortly after people started to question its stability.

We chose this website because it gives really good information about the flaws about digital currency. It provides legitimate facts on the topic of bitcoin. What we learned by reading this article is how bitcoin and investing into digital currencies has a risk of losing most if not all your investment which is similar to stocks high risk, high reward.

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A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. While Bitcoin attracted a growing following in subsequent years, it captured significant investor and media attention in April 2013 when it peaked at a record $266 per bitcoin after surging 10-fold in the preceding two months. Bitcoin sported a market value of over $2 billion at its peak, but a 50% plunge shortly thereafter sparked a raging debate about the future of cryptocurrencies in general and Bitcoin in particular. So, will these alternative currencies eventually supplant conventional currencies and become as ubiquitous as dollars and euros someday? Or are cryptocurrencies a passing fad that will flame out before long? The answer lies with Bitcoin.﻿﻿

Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies. Some predict that all that crypto needs is a verified exchange traded fund (ETF). An ETF would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which some say may not automatically be generated with a fund.

Bitcoin is a decentralized currency that uses peer-to-peer technology, which enables all functions such as currency issuance, transaction processing and verification to be carried out collectively by the network.﻿﻿ While this decentralization renders Bitcoin free from government manipulation or interference, the flipside is that there is no central authority to ensure that things run smoothly or to back the value of a Bitcoin. Bitcoins are created digitally through a "mining" process that requires powerful computers to solve complex algorithms and crunch numbers. They are currently created at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140.﻿﻿

These characteristics make Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government. Fiat currency issuance is a highly centralized activity supervised by a nation's central bank. While the bank regulates the amount of currency issued in accordance with its monetary policy objectives, there is theoretically no upper limit to the amount of such currency issuance. In addition, local currency deposits are generally insured against bank failures by a government body. Bitcoin, on the other hand, has no such support mechanisms. The value of a Bitcoin is wholly dependent on what investors are willing to pay for it at a point in time. As well, if a Bitcoin exchange folds up, clients with Bitcoin balances have no recourse to get them back.

The future outlook for bitcoin is the subject of much debate. While the financial media is proliferated by so-called crypto-evangelists, Harvard University Professor of Economics and Public Policy Kenneth Rogoff suggests that the "overwhelming sentiment" among crypto advocates is that the total "market capitalisation of cryptocurrencies could explode over the next five years, rising to $5-10 [trillion]."﻿﻿

The historic volatility of the asset class is "no reason to panic," he says. Still, he tempered his optimism and that of the "crypto evangelist" view of Bitcoin as digital gold, calling it "nutty," stating its long-term value is "more likely to be $100 than $100,000."﻿﻿

Rogoff argues that unlike physical gold, Bitcoin's use is limited to transactions, which makes it more vulnerable to a bubble-like collapse. Additionally, the cryptocurrency's energy-intensive verification process is "vastly less efficient" than systems that rely on "a trusted central authority like a central bank."﻿﻿

Bitcoin's main benefits of decentralization and transaction anonymity have also made it a favored currency for a host of illegal activities including money laundering, drug peddling, smuggling and weapons procurement. This has attracted the attention of powerful regulatory and other government agencies such as the Financial Crimes Enforcement Network (FinCEN), the SEC, and even the FBI and Department of Homeland Security (DHS). In March 2013, FinCEN issued rules that defined virtual currency exchanges and administrators as money service businesses, bringing them within the ambit of government regulation.﻿﻿ In May that year, the DHS froze an account of Mt. Gox - the largest Bitcoin exchange - that was held at Wells Fargo, alleging that it broke anti-money laundering laws.﻿﻿ ﻿﻿ And in August, New York's Department of Financial Services issued subpoenas to 22 emerging payment companies, many of which handled Bitcoin, asking about their measures to prevent money laundering and ensure consumer protection.﻿﻿

Despite its recent issues, Bitcoin's success and growing visibility since its launch has resulted in a number of companies unveiling alternative cryptocurrencies, such as:

- Litecoin is regarded as Bitcoin's leading rival at present, and it is designed for processing smaller transactions faster. It was founded in October 2011 as "a coin that is silver to Bitcoin's gold," according to founder Charles Lee.﻿﻿ Unlike the heavy computer horsepower required for Bitcoin mining, Litecoins can be mined by a normal desktop computer. Litecoin's maximum limit is 84 million - four times Bitcoin's 21-million limit - and it has a transaction processing time of about 2.5 minutes, about one-fourth that of Bitcoin.﻿﻿ ﻿﻿

- Ripple was launched by OpenCoin, a company founded by technology entrepreneur Chris Larsen in 2012. Like Bitcoin, Ripple is both a currency and a payment system. The currency component is XRP, which has a mathematical foundation like Bitcoin. The payment mechanism enables the transfer of funds in any currency to another user on the Ripple network within seconds, in contrast to Bitcoin transactions, which can take as long as 10 minutes to confirm.﻿﻿

- Unlike most cryptocurrencies, MintChip is actually the creation of a government institution, specifically the Royal Canadian Mint. MintChip is a smartcard that holds electronic value and can transfer it securely from one chip to another. Like Bitcoin, MintChip does not need personal identification; unlike Bitcoin, it is backed by a physical currency, the Canadian dollar.﻿﻿

Some of the limitations that cryptocurrencies presently face - such as the fact that one's digital fortune can be erased by a computer crash, or that a virtual vault may be ransacked by a hacker - may be overcome in time through technological advances. What will be harder to surmount is the basic paradox that bedevils cryptocurrencies - the more popular they become, the more regulation and government scrutiny they are likely to attract, which erodes the fundamental premise for their existence.

While the number of merchants who accept cryptocurrencies has steadily increased, they are still very much in the minority. For cryptocurrencies to become more widely used, they have to first gain widespread acceptance among consumers. However, their relative complexity compared to conventional currencies will likely deter most people, except for the technologically adept.

A cryptocurrency that aspires to become part of the mainstream financial system may have to satisfy widely divergent criteria. It would need to be mathematically complex (to avoid fraud and hacker attacks) but easy for consumers to understand; decentralized but with adequate consumer safeguards and protection; and preserve user anonymity without being a conduit for tax evasion, money laundering and other nefarious activities. Since these are formidable criteria to satisfy, is it possible that the most popular cryptocurrency in a few years' time could have attributes that fall in between heavily-regulated fiat currencies and today's cryptocurrencies? While that possibility looks remote, there is little doubt that as the leading cryptocurrency at present, Bitcoin's success (or lack thereof) in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.

If you are considering investing in cryptocurrencies, it may be best to treat your "investment" in the same way you would treat any other highly speculative venture. In other words, recognize that you run the risk of losing most of your investment, if not all of it. As stated earlier, a cryptocurrency has no intrinsic value apart from what a buyer is willing to pay for it at a point in time. This makes it very susceptible to huge price swings, which in turn increases the risk of loss for an investor. Bitcoin, for example, plunged from $260 to about $130 within a six-hour period on April 11, 2013.﻿﻿ If you cannot stomach that kind of volatility, look elsewhere for investments that are better suited to you. While opinion continues to be deeply divided about the merits of Bitcoin as an investment - supporters point to its limited supply and growing usage as value drivers, while detractors see it as just another speculative bubble - this is one debate that a conservative investor would do well to avoid.

The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin's recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. A cryptocurrency that aspires to become part of the mainstream financial system would have to satisfy very divergent criteria. While that possibility looks remote, there is little doubt that Bitcoin's success or failure in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.

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A cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009.

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Website 4 - Different types of cryptocurrency

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Website 4 - Different types of cryptocurrency

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This website lets us understand the different types of crypto currencies. Going from Bitcoin to Litecoin to other types of crypto currencies this website displays the different types and explains what they can offer and what their target market is but having similar qualities to the classic Bitcoin.

We chose this article to show the many different types of digital currencies there are in today's network and what they do for the people and how they work. We learn from this article that the future of bitcoin and crypto currencies are not secure in the fact that they can be involved and used in illegal transactions which has dropped the values of crypto currency at one point.

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Bitcoin and other cryptocurrencies aren't endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. For more information, see FINRA , SEC , and CFPB public advisories concerning digital asset risk.

Cryptocurrencies can act like real money-in a sense, they are real money -but they take the form of digital, or virtual form and are not managed or governed by any central authority. A true product of the digital age, no banks, governments, or any middleman need be involved.

In 2017, there were 2.9 to 5.8 million unique users of a type of cryptocurrency.

What provides security is that they are encrypted (secured) with specialized computer code called cryptography. They're designed like a complicated puzzle on purpose so that they're hard to crack (and hack).

In 2017, there were 2.9 to 5.8 million unique users of a type of cryptocurrency, and most of them were using Bitcoin, according to research by The University of Cambridge.

The cool kids call it "crypto," so you know that's what we'll be calling it going forward.

Crypto Tokens vs. Coins

All coins and tokens can fall under the heading of crypto, and they generally go into one of two specifically named categories: Alternative Cryptocurrency Coins (Altcoins) or Tokens.

Alternative Cryptocurrency Coins (Altcoins)

It usually refers to any coins that are not Bitcoins, for example Peercoin, Litecoin, Dogecoin, Auroracoin and Namecoin. In fact, the name "Altcoin" actually means "alternative to Bitcoin." Namecoin is considered the very first Altcoin, created in 2011.

Most crypto like Bitcoin have a limited supply of coins, to keep the balance in check and to reinforce its perceived value. There are only 21 million Bitcoins that can be used, and once they are tapped, that's it. The only way to bring in more is for Bitcoin's protocol to allow for it.

Many Altcoins claim to be better versions of Bitcoin, but most of them are built upon the same basic framework as Bitcoin. Still, each system often differs from another, as they're created to serve various purposes and applications, and identified in different ways. And some coins don't work with the same open-source protocol that Bitcoin does. For example, currencies like Ethereum, Ripple, Omni, Nxt, Waves, and Counterparty have created their own separate system and protocol-and are self-supporting.

Tokens

Unlike Altcoins, tokens are created and given out through an Initial Coin Offering, or ICO, very much like a stock offering. They can be represented as value tokens (Bitcoins), security tokens (to protect your account), or utility tokens (designated for specific uses).

They are not so much meant to be used as money as they are used to describe a function. Like American dollars, they represent value but they are not in themselves of value. Tokens are a type of encryption, specifically referring to the long lines of numbers and letters representing the crypto used in a transaction, such as a money transfer or bill payment. In short, tokens cover a number of meanings.

For instance, both Bitcoin and Ether (from Ethereum) are considered crypto tokens.

The Role of Miners In Cryptocurrency

How exactly do you get your virtual hands on different types of cryptocurrency? You can buy it the old-fashioned way, or you can trade it on an exchange using other crypto (for example, using Bitcoin to buy NEO). Some blogs and media platforms pay its content providers in crypto.

Then there are the miners. Miners usually don't pay directly for their crypto; they earn it with their smarts. These tech savvy investors can be compared to the prospectors of the Old West, panning for gold in 1848.

The gold is already there-it's just up to the compex computers to dig it up by cracking codes and solving complicated puzzles. A lot of it is guesswork, but once the "block" (of the blockchain) is solved, the other miners drop what they're doing and go on to the next block. No parting gifts-the contestants just turn their attention to the next game round.

If the puzzle is solved, the reward is a certain amount of crypto, and sometimes even voting power on the platform. As of May 2019 , one bitcoin is worth $5,719. Sounds sweet, but mining ain't cheap.

It requires powerful, expensive hardware and lots of electricity. Also, the number of awarded crypto will be going down, usually by halves every four years or so. Unfortunately, that might not do your utility bill any favors.

The Most Common Types of Cryptocurrency

The following cryptocurrencies represent the most widely popular industry projects (so far):

1. Bitcoin

Possibly the "Kleenex" or "Coca Cola" of all crypto, in that its name is the most recognizable and the most closely associated with the cryptocurrency system.

There are currently more than 17.6 million Bitcoin tokens in circulation, against a present capped limit of 21 million.

2. Bitcoin Cash

Introduced in 2017, Bitcoin Cash is one of the most popular types of cryptocurrency on the market. Its main difference with the original Bitcoin is its block size: 8MB. Compare that to the original Bitcoin's block size of just 1MB. What that means for users-faster processing speeds.

3. Litecoin

Litecoin is increasingly used in the same breath as Bitcoin, and it functions practically the same way. It was created in 2011 by Charlie Lee, a former employee of Google. He designed it to improve on Bitcoin technology, with shorter transaction times, lower fees, more concentrated miners.

4. Ethereum

Unlike Bitcoin, Ethereum focuses not as much on digital currency as it does on decentralized applications (phone apps). You could think of Ethereum as an app store.

The platform is looking to return control of apps to its original creators, and take away that control from middlemen (like Apple, for instance). The only person who can make changes to the app would be the original creator. The token used here is called Ether, which is used as currency by app developers and users.

5. Ripple

Ripple is a type of cryptocurrency, but it is not Blockchain-based . It's not meant so much for individual users as it is for larger companies and corporations, moving larger amounts of money (its coinage is known as XRP) across the globe.

It's more well-known for its digital payment protocol more than for its XRP crypto. That's because the system allows for transfer of monies in any form, be it dollars or even Bitcoin (or others). It claims to be able to handle 1,500 transactions per second (tps). Compare this with Bitcoin, which can handle 3-6 tps (not including scaling layers). Ethereum can handle 15 tps.

6. Stellar

Stellar focuses on money transfers, and its network is designed to make them faster and more efficient, even across national borders. It was designed by Ripple co-founder Jed McCaleb in 2014 and is operated by a non-profit organization called Stellar.org .

Its goal is to assist developing economies that may not have access to traditional banks and investment opportunities. It doesn't charge users or institutions for using its Stellar network, and covers operating costs by accepting tax-deductible public donations.

7. NEO

Formerly called Antshares and developed in China, NEO is very aggressively looking to become a major global crypto player. Its focus is smart contracts (digital contracts) that allow users to create and execute agreements without the use of an intermediary.

It's going after its main competition, Ethereum, but NEO lead developer Erik Zhang mentioned on a Reddit AMA that NEO has three distinct advantages-better architecture, more developer-friendly smart contracts, and digital identity and digital assets for easier integration into the real world.

A NEO white paper explained that developers can develop smart contracts using common programming languages (such as Java or C#). Ethereum, on the other hand, uses its own programming languages that developers must first learn before creating smart contracts on its platform.

8. Cardano

Cardano aka ADA is used to send and receive digital funds. It claims to be a more balanced and sustainable ecosystem for cryptocurrencies, and the only coin with a "scientific philosophy and research-driven approach."

That means that it undergoes especially rigorous reviews by scientists and programmers. It was founded by Charles Hoskinson, who is also the co-founder of Ethereum.

9. IOTA

Launched in 2016, IOTA stands for Internet of Things Application. Unlike most other Blockchain technologies, it doesn't actually work with a block and chain; it works with smart devices on the Internet of Things (IoT).

All you need to do to use it is to verify two other previous transactions on the IOTA ledger, which is called the Directed Acyclic Graph (DAG), but IOTA creators call it The Tangle.

According to Coin Central , this means the devices need to be able to purchase more electricity, bandwidth, storage, or data when they need them, and sell those resources when they don't need them.

Of course, different types of cryptocurrency don't operate in a vacuum-they need a little human help to keep them on course. When systems need an upgrade or update, or occasional steering, there are two ways to do this-hard forking and soft forking.

Forks, Hard Forks and Soft Forks

You could think of a fork like an actual fork, the kind you eat with. Each prong represents a different open-source code modification, but the prongs are designed to work together to assist in the main function.

Sometimes, forks happen by accident when nodes start making copies or if they do not recognize conflicting or unfamiliar information or characteristics. This is what leads to the difference between hard forks and soft forks.

Hard Forks

If a protocol is changed so that the old protocol version is no longer valid, call that a hard fork. This could be problematic, because if the older, now-invalid protocol is still running, it could lead you to scratch your head and say, "what the fork?" It could cause confusion and even possibly a loss of funds, because the old and new protocols running together are butting heads and making mysteries.

An example of a hard-fork problem-with Bitcoin, for instance, a hard fork is a must when making changes and protocol updates to the Blockchain. The new protocol is cool with the changes, but the old protocol becomes a hot mess, not understanding the new activity going on.

Since the old protocol rejects the new changes because it doesn't recognize them, that causes a traffic jam or worse. The old protocol will claim that the changes and updates are not valid, even if they are. What you then get are two blockchains, one old and one new. As these chains grow, so can your problems.

The hard-fork challenge, then, is to get all the nodes on the old protocol to switch to the new protocol all at once, and at the same time. This sounds easy, but technically it's easier said than done.

Soft Forks

Unlike a hard fork, a soft fork is totally cool with the new changes and keeps working. The old version accepts the newer version. Harmony! The newer, updated blocks become longer, and it becomes obvious that the older (shorter) blocks are obsolete and unusable. This recognition eliminates confusion over which protocol is now the real deal (it's the newer, valid one.)

When a soft fork is implemented, there has to be a " majority vote " on whether to accept it into the established fold. If not, the new soft fork fails, and the rest of the chain simply goes on it with its life with no interruption.

Hard-and-soft forking can cause all kinds of unintended consequences. When members of the Ethereum community rejected a hard-fork change and decided to keep going with the non-forked version of Ethereum, that old-school system was renamed Ethereum Classic.

When Bitcoin hard-forked in order to add more functionality, a portion of the Bitcoin Cash community was left behind and was cut off from the rest of the network.

The Current View of Crypto

Bitcoin and other crypto have recently come under fire for their ability to be involved in illegal transactions.

Three words-wait and see. And add two words to that-be careful. A recent Bloomberg report claims that a growing number of cryptocurrencies are nearly worthless.

Dead Coins lists 820 digital currencies and initial coin offerings (ICO) as either "deceased" or a "parody." Coinopsy lists more than 1,000 coins as nearly worthless.

It's possible that a good number of those failed cryptos were scams, and the authentic, true-quality systems remain in place.

Furthermore, from a perception perspective, Bitcoin and other crypto have recently come under fire for their ability to be involved in illegal transactions, thefts, and scams. That's just one of the reasons that cryptocurrency is still such a significant risk. Crypto has also been suspected as being a part of an economic bubble that is about to burst.

About SoFi Invest®

Looking to create a financial plan? If your curiosity about cryptocurrency is fueled by your desire to start investing, SoFi financial planners can be a great place to start. Our planners can help you develop some overarching investment goals, and can help set you up with your SoFi Invest account and answer any questions you may have.

Ready to learn more? Speak with a SoFi financial planner about your investment goals.

External Websites: The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
SoFi Invest®
The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual's specific financial needs, goals and risk profile. SoFi can't guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member Crypto: Bitcoin and other cryptocurrencies aren't endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. Consumer protection and securities laws don't regulate cryptocurrencies to the same degree as traditional brokerage and investment products. Research and knowledge are essential prerequisites before engaging with any cryptocurrency. US regulators, including FINRA , the SEC , and the CFPB , have issued public advisories concerning digital asset risk. Cryptocurrency purchases should not be made with funds drawn from financial products including student loans, personal loans, mortgage refinancing, savings, retirement funds or traditional investments. FINRA / SIPC . The umbrella term "SoFi Invest" refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

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Understanding The Different Types of Cryptocurrency

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Bitcoin and other cryptocurrencies aren't endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. For more information, see FINRA , SEC , and CFPB public advisories concerning digital asset risk.

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1: What we learned about this topic that surprised us the most is the ability of value that people give to cryptocurrencies and how it has become a big topic.
2: This topic is interesting and relevant because digital currencies are our future. Paypal and online banking is already big right now. soon online trading will take over because its more convenient and faster.
3: What we think that the most important thing to pass on to a family member or friend,  knowing this knowledge is be prepared risking your most if not all your investments into cryptocurrencies as its not as stable and could crash.