Mercer County Library Blog: Cryptocurrency...What Is It?

Press release from the Mercer County Library Blog:

March 04, 2022

I am not at all financially literate but, lucky for me, I have access to a plethora of information because I have access to my library...just like you! This year, I decided I am going to try to understand how to invest my money in the best and safest way possible - and not stuff it under my mattress for safe-keeping (just kidding).

In my search to learn about cryptocurrency, I also came across an extremely helpful video on Mercer County Library System’s YouTube Channel called, "Cryptocurrency: Let's Talk About the Basics of Cryptocurrency" which was conducted by Arlene Ferris-Waks from the NJ Attorney General's office on February 2, 2022. Her talk was extremely informative and easy to understand. She even gave resources to contact in case I have any questions regarding different types of cryptocurrencies and their authenticity. A her talk is below:

Although it seems as if cryptocurrency is secure and private, there are downsides. Hackers and scammers are a threat whenever technology is concerned. Cryptocurrency is seen as a volatile asset. There are extreme price fluctuations and it is possible to lose all of the initial investment. There are no guarantees or safety nets. There are also no reversals on transactions as there are in bank transactions.

In addition to the enlightening video on MCL's YouTube Channel, I found the following books to be very informative:

Cryptocurrencies and the Blockchain Revolution: Bitcoin and Beyond by Brendan January 

Digital Cryptology by Rachael Thomas

Bitcoin for the Befuddled by Conrad Barski and Chris Wilmer

Cryptocurrency All-in-One for Dummies by Kiana Danial

- by Kaneeze, Hightstown

This press release was produced by the Mercer County Library Blog. The views expressed here are the author’s own.