Basics of Bitcoins Blockchains

About Basics of Bitcoins Blockchains

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them


TABLE OF CONTENTS


Part 0 INTRODUCTION

Part 1 MONEY

Part 2 DIGITAL MONEY

Part 3 CRYPTOGRAPHY

Part 4 CRYPTOCURRENCIES

Part 5 DIGITAL TOKENS

Part 6 BLOCKCHAIN TECHNOLOGY

Part 7 INITIAL COIN OFFERINGS

Part 8 INVESTING

Part 9 CONCLUSION

APPENDIX

Acknowledgments




Understand Bitcoin, Blockchains, and Cryptocurrency
“Antony helps us all clearly understand the mechanics of bitcoin and blockchain.” ―Rob Findlay, Founder, Next Money

Best Seller in Investing Derivatives and Natural Resource Extraction Industry, Futures Trading, Banks & Banking, Energy & Mining, Monetary Policy, and Computers & Technology

Bitcoin, Ethereum, and other cryptocurrencies. Gain an understanding of a broad spectrum of Bitcoin topics including the history of Bitcoin, the Bitcoin blockchain, and Bitcoin buying, selling, and mining. Learn how payments are made, and how to put a value on cryptocurrencies and digital tokens.

Blockchain technology. What exactly is a blockchain, how does it work, and why is it important? The Basics of Bitcoins and Blockchains answers these questions and more. Learn about notable blockchain platforms, smart contracts, and other important facets of blockchains and their function in the changing cyber-economy.

Things to know before buying cryptocurrencies. Find trustworthy and balanced insights into Bitcoin investing and investing in other cryptocurrency. Discover the risks and mitigations, learn how to identify scams, and understand cryptocurrency exchanges, digital wallets, and regulations.

Learn about:

Blockchain technology and how it works
Workings of the cryptocurrency market
Evolution and potential impacts of Bitcoin and blockchains on global businesses
You’ve read books such as Blockchain Bubble or Revolution, Cryptoassets, Blockchain Technology Explained, Blockchain Revolution, The Bitcoin Standard, Mastering Bitcoin, or Bitcoin For Dummies, but to really understand the technology read The Basics of Bitcoins and Blockchains.


Most non-technical books on blockchain / crypto tend to (a) be evangelical and (b) not actually explain the tech from first principles. This book faces neither issue: it is evenhanded and spends most of its pages describing how the machinery of the blockchain works. It also does a great job contextualizing the technology.

It begins with a history of money and a description of the banking system, laying out the forms of money (barter, commodity, fiat) and how payments actually work from an accounting perspective. This is all pretty important because it establishes the highly intermediated payments "status quo" against which bitcoin seeks to compete.

It then dives into cryptography, overviewing topics like public/private keys, hash functions, digital signatures. The rest of the book leans heavily on crypto concepts introduced here.

After introducing cryptography basics, it introduces blockchain. The way it frames the idea of blockchain is by introducing the challenge of peer to peer money transfer, then by raising issues that have to be dealt with (ex., account creation without a central administrator, transaction ordering, bookkeeper discrepancies). By iteratively describing the solution blockchain provides to each of the problems, it provides a picture of how blockchain actually works (ex., public key addresses, block batching, proof of work).

All the while, it overviews important practical aspects of blockchain and crypto, including weaknesses (e.g. security risks with wallets, 51% attack). Over the course of the book nearly every piece of crypto related jargon that I have encountered was defined and clearly explained. And despite the book's name, it does not only focus on cryptocurrencies, though crypto is a major focus.

Highly recommend!


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