Bitcoin For Beginners: Learn Fast Why Bitcoin Is The Invention Of The 21st Century
Bitcoin For Beginners: Learn Fast Why Bitcoin Is The Invention Of The 21st Century by Boris Weiser
English | 2020 | ASIN: B08NDZS92G | 58 Pages | PDF | 3.96 MB
English | 2020 | ASIN: B08NDZS92G | 58 Pages | PDF | 3.96 MB
Well, Bitcoin is using Elliptic Curve Cryptography to participate in a discrete logarithm problem while uses SHA-256 hashing algorithm and ASCII encoding (+ many more technologies combined).
Yet, some people refers to Bitcoin as a dead currency, a scam, a stock, a pyramid scheme or even a bubble, so why would you be interested reading about it, correct?
Well, Bitcoin is portable, durable, recognizable, fungible, scarce, hard to counterfeit and its supply is guaranteed to be stable. You might call it money, currency, cryptocurrency, medium of exchange, store of value, software, application, payment system, peer-to-peer network, decentralized system, borderless money, internet money, distributed ledger system, bank in your pocket, a chain of transactions, a chain of blocks, blockchain, trusted money, electronic cash, money of the internet or money of the people. And to understand why one might describe Bitcoin for any of the above mentioned; this easy to follow beginners guide will help you comprehend in no time!
After reading this book, you will be able to explain to your friends, family members or to anyone what Bitcoin really is, in plain English!