So what's a cryptocurrency? A cryptocurrency is really a decentralised payment program, which generally lets persons send currency to one another over the net without the need for a reliable alternative party such as a bank or economic institution. The transactions are inexpensive, and in many cases, they're free. And also, the payments are pseudo private as well.

In addition to that, the key feature is that it's absolutely decentralised, meaning there's not one main point of power or anything like that. The implications of the is performed by everyone having the full replicate of all of the transactions that have actually happened with Bitcoin. That creates an incredibly resilient system, meaning that no one can modify or opposite or police the transactions.

The advanced of anonymity in there ensures that it's quite difficult to track transactions. It's perhaps not absolutely difficult, but it's unrealistic in most cases. Therefore offense with cryptocurrency-- because you've got rapidly, borderless transactions,

and you've got a advanced of anonymity, it the theory is that creates a method that is ripe for exploitation. Therefore generally when it's a crime on the web with on line cost programs,

then they tend to attend the authorities and, say, we are able to give around this payment information or we could stop these transactions and opposite them. And nothing of that could happen with Bitcoin, so that it makes it ready for thieves, in theory.

In light with this, a lot of various agencies are studying into Bitcoin and taking a look at Bitcoin and attempting to know how it operates and what they could do to authorities it. It's been in the media many situations,

and the media, being the press, like concentrate on the poor side of it. So they really focus very seriously on the offense with it. Therefore if there's a robbery or a scam or anything like that, they tend to responsibility it on Bitcoin and Bitcoin users.

Therefore the absolute wallet recovery most notable is probably Cotton Street, which got taken down lately, and through their $1.2 million value of Bitcoins, gone to pay for such a thing from medications to guns going to guys to those types of things. And the media, again, very quickly at fault that on Bitcoins and say that it was the Bitcoin user's fault.