This e-book explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks.
It is a peer-to-peer network supported by its users via computing power with no central authority. It was designed in 2008 by Satoshi Nakamoto (alias) and released publically as open-source software in 2009. BTC has gained popularity as an online method for payments and may be used for anonymous transactions and is irreversible, thus to be treated like cash.
The book further explains that Bitcoin has proved itself to be a “store of value” and what the reader can do with Bitcoin.
Further the book explains the concept of blockchain and that Bitcoin is basically software that follows a protocol and utilises a technology called the Blockchain. The Blockchain is a digital ledger where transactions are recorded in chronological order and cannot be altered. Processing the transactions is called mining.
The writer goes on the explain mining and how the reader can get involved.
As most people are interested in making money with Bitcoin this book is an invaluable resource providing background information as well as tools, tips, strategies and resources that both the beginner and advanced reader might find valuable.
What is Bitcoin is thus a “must” read for any bitcoin / crypto enthusiast.
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