What's the Deal with Bitcoins?

2013 Business & Economics

Author : Ryan Lancelot
Release : 2013
Genre : Business & Economics
Kind : eBook
Book Rating : 062/5 ( reviews)

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Book Synopsis What's the Deal with Bitcoins? by : Ryan Lancelot

Download or read book What's the Deal with Bitcoins? written by Ryan Lancelot. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: Have You Heard About Bitcoins? What are they? Who created them? Why are they important? Will they replace paper money? Is it like Gold? Bitcoins are in the news regularly these days. These reports range from talking about how Bitcoins will replace paper money in many countries to how Bitcoins are being used as a way to pay for drugs, gambling and prostitution. So, what's the deal with Bitcoins? Bitcoin is, at its core, virtual currency. It is a digital representation of money that can be used to purchase goods and services in the same way cash can be used to purchase those same goods and services. However, Bitcoin differs considerably from these other currencies in that it is not backed by any bank or nation and has no formal organizational structure behind it. Bitcoin is managed entirely by a Peer to Peer (P2P) network of individuals that manages balances and transactions on its own. Bitcoins are "mined" from computer networks through the process of solving a complex mathematical problem. The total amount of available Bitcoins will ultimately be a finite number, which may create a huge demand, and value for them in the future. Bitcoins are traded on exchanges across the world, which can convert them into the accepted currencies in these countries. Bitcoins are being used to pay for many products and services across the globe today, some legal and some illegal. Bitcoins are NOT science fiction. They are real and you can learn about them by reading this book!

Bitcoin and Cryptocurrency Technologies

2016-07-19 Computers

Author : Arvind Narayanan
Release : 2016-07-19
Genre : Computers
Kind : eBook
Book Rating : 152/5 ( reviews)

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Book Synopsis Bitcoin and Cryptocurrency Technologies by : Arvind Narayanan

Download or read book Bitcoin and Cryptocurrency Technologies written by Arvind Narayanan. This book was released on 2016-07-19. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative introduction to the exciting new technologies of digital money Bitcoin and Cryptocurrency Technologies provides a comprehensive introduction to the revolutionary yet often misunderstood new technologies of digital currency. Whether you are a student, software developer, tech entrepreneur, or researcher in computer science, this authoritative and self-contained book tells you everything you need to know about the new global money for the Internet age. How do Bitcoin and its block chain actually work? How secure are your bitcoins? How anonymous are their users? Can cryptocurrencies be regulated? These are some of the many questions this book answers. It begins by tracing the history and development of Bitcoin and cryptocurrencies, and then gives the conceptual and practical foundations you need to engineer secure software that interacts with the Bitcoin network as well as to integrate ideas from Bitcoin into your own projects. Topics include decentralization, mining, the politics of Bitcoin, altcoins and the cryptocurrency ecosystem, the future of Bitcoin, and more. An essential introduction to the new technologies of digital currency Covers the history and mechanics of Bitcoin and the block chain, security, decentralization, anonymity, politics and regulation, altcoins, and much more Features an accompanying website that includes instructional videos for each chapter, homework problems, programming assignments, and lecture slides Also suitable for use with the authors' Coursera online course Electronic solutions manual (available only to professors)

Bitcoin For Dummies

2016-04-04 Computers

Author : Prypto
Release : 2016-04-04
Genre : Computers
Kind : eBook
Book Rating : 137/5 ( reviews)

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Book Synopsis Bitcoin For Dummies by : Prypto

Download or read book Bitcoin For Dummies written by Prypto. This book was released on 2016-04-04. Available in PDF, EPUB and Kindle. Book excerpt: Learn the ins and outs of Bitcoin so you can get started today Bitcoin For Dummies is the fast, easy way to start trading crypto currency, with clear explanations and expert advice for breaking into this exciting new market. Understanding the mechanisms and risk behind Bitcoin can be a challenge, but this book breaks it down into easy-to-understand language to give you a solid grasp of just where your money is going. You'll learn the details of Bitcoin trading, how to set up your Bitcoin wallet, and everything you need to get started right away. An in-depth discussion on security shows you how to protect yourself against some of the riskier aspects of this open-source platform, helping you reduce your risks in the market and use Bitcoin safely and effectively. Bitcoin uses peer-to-peer technology to operate with no central authority or banks, with transaction management and issuing of Bitcoins carried out collectively by the network. Bitcoin allows easy mobile payments, fast international payments, low- or no-fee transactions, multi-signature capabilities, and more, but the nuances of the market can be difficult to grasp. This informative guide lays it all out in plain English, so you can strengthen your understanding and get started now. Understand the ins and outs of the Bitcoin market Learn how to set up your Bitcoin wallet Protect yourself against fraud and theft Get started trading this exciting new currency The Bitcoin market is huge, growing quickly, and packed with potential. There's also some risk, so you need to go in fully informed and take steps to manage your risk wisely. Bitcoin For Dummies is the clear, quick, easy-to-follow guide to getting started with Bitcoin.

The Little Bitcoin Book

2019-08-14

Author : Timi Ajiboye
Release : 2019-08-14
Genre :
Kind : eBook
Book Rating : 509/5 ( reviews)

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Book Synopsis The Little Bitcoin Book by : Timi Ajiboye

Download or read book The Little Bitcoin Book written by Timi Ajiboye. This book was released on 2019-08-14. Available in PDF, EPUB and Kindle. Book excerpt: You've probably heard about Bitcoin on the news or heard it being discussed by your friends or colleagues. How come the price keeps changing? Is Bitcoin a good investment? How does it even have value? Why do people keep talking about it like it's going to change the world?The Little Bitcoin Book tells the story of what's wrong with money today, and why Bitcoin was invented to provide an alternative to the current system. It describes in simple terms what Bitcoin is, how it works, why it's valuable, and how it affects individual freedom and opportunities of people everywhere - from Nigeria to the Philippines to Venezuela to the United States. This book also includes a Q & A section with some of the most frequently asked questions about Bitcoin.If you want to learn more about this new form of money which continues to gain interest and adoption around the world, then this book is for you.

What's the Big Deal about Bitcoin?

2015-01-16

Author : Steve Patterson
Release : 2015-01-16
Genre :
Kind : eBook
Book Rating : 087/5 ( reviews)

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Book Synopsis What's the Big Deal about Bitcoin? by : Steve Patterson

Download or read book What's the Big Deal about Bitcoin? written by Steve Patterson. This book was released on 2015-01-16. Available in PDF, EPUB and Kindle. Book excerpt: "By far the clearest, most enjoyable, and most enlightening book about Bitcoin I've read. This is a must-read for anyone curious about the currency." - Isaac Morehouse, CEO of Praxis Everybody is talking about Bitcoin, but most people have no idea what the fuss is about. If you keep hearing about Bitcoin, but don't understand the hype, this book is written for you. It features: * A five-word definition of Bitcoin * No technical jargon * A step-by-step explanation for the complete novice This is a "what-is" book, not a "how-to" book. Learn why the most popular objections to Bitcoin aren't very accurate, including: * "Bitcoin is just a Ponzi scheme!" * "It's only used by criminals!" * "It's not a real currency!" * "It has no intrinsic value!" * And "What about Mt. Gox?" Enthusiasts often claim the technology is invincible and perfect; it isn't. To clearly understand Bitcoin, you have to know the real challenges facing the technology, including: * The 51% attack * Transaction limits and confirmation times * The year 2140 * Governments and regulations Bitcoin has been called "the future of online payments." Learn why big-name companies have started accepting the currency, including Microsoft, Dell, Newegg, TigerDirect, Overstock.com, Dish Network, and Expedia. By the end of this book, you will have a clear answer to the question, "What's the big deal about Bitcoin?"

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