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Learning Bitcoin
Learning Bitcoin

Learning Bitcoin: Embrace the new world of fiance by leveraging the power of crypto-currencies using Bitcoin and the Blockchain

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Learning Bitcoin

Chapter 1. Setting up a Wallet

 

"When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the functions of the government …[that] is actually pretty cool."

 
 --Al Gore, former Vice President of the United States

Bitcoin's potential is quickly becoming apparent in the rapidly changing world of Internet finance. In just the few short years since its launch, we have seen an explosion of interest in this new, and somewhat mysterious, Internet money. Yet, several questions quickly come to mind: How does it work? Where does it come from? How do I buy it?

In this chapter, we will illustrate, in simple terms, most of what anyone new to Bitcoin will need to know to start. We will start by covering the following core topics:

  • Buying your first bitcoin, in 15 minutes
  • Explaining Bitcoin addresses
  • Sending and receiving
  • Private keys and wallets
  • Transactions and confirmations
  • Comparing Bitcoin wallets
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Description

The financial crisis of 2008 raised attention to the need for transparency and accountability in the financial world. As banks and governments were scrambling to stay solvent while seeking a sustainable plan, a powerfully new and resilient technology emerged. Bitcoin, built on a fundamentally new technology called “The Blockchain,” offered the promise of a new financial system where transactions are sent directly between two parties without the need for central control. Bitcoin exists as an open and transparent financial system without banks, governments, or corporate support. Simply put, Bitcoin is “programmable money” that has the potential to change the world on the same scale as the Internet itself. This book arms you with immense knowledge of Bitcoin and helps you implement the technology in your money matters, enabling secure transactions. We first walk through the fundamentals of Bitcoin, illustrate how the technology works, and exemplify how to interact with this powerful and new financial technology. You will learn how to set up your online Bitcoin wallet, indulge in buying and selling of bitcoins, and manage their storage. We then get to grips with the most powerful algorithm of all times: the Blockchain, and learn how crypto-currencies can reduce the risk of fraud for e-commerce merchants and consumers. With a solid base of Blockchain, you will write and execute your own custom transactions. Most importantly, you will be able to protect and secure your Bitcoin with the help of effective solutions provided in the book. Packed with plenty of screenshots, Learning Bitcoin is a simple and painless guide to working with Bitcoin.

Who is this book for?

If you are familiar with online banking and want to expand your finances into a resilient and transparent currency, this book is ideal for you. A basic understanding of online wallets and financial systems will be highly beneficial to unravel the mysteries of Bitcoin.

Product Details

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Publication date, Length, Edition, Language, ISBN-13
Publication date : Oct 30, 2015
Length: 236 pages
Edition : 1st
Language : English
ISBN-13 : 9781785287305
Vendor :
Bitcoin
Category :
Concepts :
Tools :

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Product Details

Publication date : Oct 30, 2015
Length: 236 pages
Edition : 1st
Language : English
ISBN-13 : 9781785287305
Vendor :
Bitcoin
Category :
Concepts :
Tools :

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Frequently bought together


Stars icon
Total 115.97
Learning Bitcoin
€36.99
Mastering Blockchain
€41.99
Building Blockchain Projects
€36.99
Total 115.97 Stars icon
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Table of Contents

9 Chapters
1. Setting up a Wallet Chevron down icon Chevron up icon
2. Buying and Selling Bitcoins Chevron down icon Chevron up icon
3. Protecting Your Bitcoins Chevron down icon Chevron up icon
4. Understanding the Blockchain Chevron down icon Chevron up icon
5. Installing a Bitcoin Node Chevron down icon Chevron up icon
6. Understanding the Mining Process Chevron down icon Chevron up icon
7. Programming Bitcoin Chevron down icon Chevron up icon
8. Exploring Alternative Coins Chevron down icon Chevron up icon
Index Chevron down icon Chevron up icon

Customer reviews

Rating distribution
Full star icon Full star icon Full star icon Empty star icon Empty star icon 3
(3 Ratings)
5 star 33.3%
4 star 0%
3 star 33.3%
2 star 0%
1 star 33.3%
Amazon Customer Mar 14, 2016
Full star icon Full star icon Full star icon Full star icon Full star icon 5
As developer, this is the book I would have liked to read when I started getting interested in bitcoin. If a good book if you do not know nothing about bitcoin as final user or developer. Or if you know a little bit about it and you want to have a global vision of bitcoin posibilities.
Amazon Verified review Amazon
Feng SHI Dec 07, 2015
Full star icon Full star icon Full star icon Empty star icon Empty star icon 3
I really recommend this book.This book is concise and comprehensive. it covers basic knowledges about bitcoin and also provides plenty of practical examples.As the author is a veteran in software development and entrepreneur, especially in bitcoin currency, he has successful experiences of others to go byFeng
Amazon Verified review Amazon
Eth Jun 26, 2017
Full star icon Empty star icon Empty star icon Empty star icon Empty star icon 1
no clear explanation provided for any of the topics.
Amazon Verified review Amazon
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