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What Parents and Carers Need to Know about Cryptocurrency
About The Guide
What Parents and Carers Need to Know about Cryptocurrency
Published 23rd November 2021
A free online safety guide on cryptocurrency.
Cryptocurrency is software enabling the exchange and storage of digital ‘coins’ representing financial value. To monitor who owns which coins, platforms save an online record of every transaction, called a ‘ledger’ or ‘blockchain’. This is secured by cryptography: a set of methods for protecting sensitive information. Bitcoin, released in 2009, was the first cryptocurrency; other platforms have since launched such as Ethereum, Tezos and Filecoin. As cryptocurrency becomes a more established part of digital life, young people are bound to encounter it – so it’s vital that trusted adults understand its risks, and how it can be explored and used safely.
In the guide, you'll find tips on a number of potential risks such as complex technology, scams and risky investments.
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