A Review on the Cryptocurrency (A Blockchain Technology) Scams in the Philippines

Abstract

With the advancement of technology, most of the usual things that are done manually are now being automated or done with the help of machines. The result of these innovations has clearly helped mankind make life easier and more manageable given the increasing number of responsibilities a person attains through time. Moreover, one of the innovations that will be discussed in this study is “Cryptocurrency”. A cryptocurrency is a form of digital currency that is distributed across numerous computers. In this study, the researchers will discuss what a cryptocurrency is, its relevance, and how cryptos work; as well as the types of scams a victim can fall into and how to prevent these scams from taking place.