student at a laptop
student at a laptop XueFei Liu, undergraduate English student, shares what she learnt about the intricacies of cryptocurrency and ways to safeguard your finances during National Student Money Week. 'Don't put down the phone, I need you to transfer the money right now.' Upon hearing these words, as a first-year international student who has been living in London for barely a month, I panicked. Fortunately, I quickly ended the call, but I know various international students like me who were not so fortunate. An event during this year's National Student Money Week, 'Cryptocurrency: protecting your digital wallet', educated us about the risks of investing in cryptocurrency and about safeguarding our digital wallet. A new approach to finance . Phillipp Jovanovic, an Associate Professor in Information Security at UCL, commenced the event by informing us about the history of money, and how society went from analogue to digital money in the past three decades. The evolution of cryptocurrency has paved the way for programmable money, offering a new approach to financial transactions not governed by traditional institutions. Bitcoin, a prominent example of cryptocurrency, operates on a decentralized network, where users can transfer funds through a public ledger known as the blockchain. This new generation of cryptocurrency has made advancements to improve the efficiency and privacy of digital transactions. However, Phillipp points out that as crypto continues to reshape the financial landscape, questions arise regarding legal and ethical implications, surveillance, and privacy protections. How do we protect our privacy?
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