How to track Crypto currencies and monitor ICO Scams?

Crypto currency is an internet-based mode of exchange that primarily takes advantage of crypto graphical functionalities to perform financial transactions. It uses block chain technology to obtain immutability, transparency, and digitalization. One of the major aspects concerning crypto currency is that it is not managed by the central authority. In theory, crypto currencies are immune to earlier ways of unnecessary government interventions.

Features of a crypto currency

• Crypto currency can be shared between two people through the utilization of public and private keys. 
• There are only minimum processing fees charged to execute a transfer. 
• It is helpful for the users to eliminate the need to pay a hefty fee that is charged by standard financial institutions.

What was the outcome of crypto currencies?

Owing to the launch of numerous crypto currencies per month, there is also a range of brand new tokens along with Initial Coin Offerings being introduced in the market. Despite gaining popularity amongst the investors, it captured the attention of scammers. Out of which there are quite a few fake ICO that hampered the development of crypto currencies back in the year 2018. 

Those investors who are scouting around to reap benefits out of various investment opportunities appear to be safe from bit coin scams. Each prospect appears to be a daunting task. Both crypto currency and block chain technology is emerging at a rapid pace. A highly experienced investor finds it difficult to stay with the terminology.

The below-mentioned steps would guide you to stay safe from bit coin scams and obtain stolen bitcoins

• According to sources, the majority of the initial coin offerings are a scam. Out of which only a few floated ICO succeeded in proceeding towards the top stage of a cryptocurrency exchange.

Experts hold the view that the best available option to stay away from fakes ICO is to perform comprehensive research on the team members of a particular project before investing. For instance, if an individual fails in tracking profile information of a developer associated with social media outlets, it is better to check and verify whether activities performed by them match up with the total number of followers and likes. Those people who do not engage with followers yet possess numerous fans might be fake and also focus on whether the qualifications measure up accurately.