Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.
    The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.
    The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.
    Ebook34 pages18 minutes

    The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.

    By Jimmy Putnic

    ()

    Read preview

    About this ebook

    Unlike normal (fiat) currencies, bitcoin doesn’t have a central bank or a backing of a national government. Instead, it is regulated by complex algorithms with new coins being mined when computers solve complex equations. All this number crunching is tracked by the blockchain, a public ledger of all transactions which is distributed meaning there is no central point of the network that can be shut down. It’s perhaps analogate to file sharing protocol Bittorrent.



    You can obtain bitcoin by mining them yourself of buying them from an exchange but for that to happen you will first need a wallet. There are different ways to get a wallet, you can simply store yourself on your hard disk in wallet software running locally or you can use online service and have your coins stored in a cloud. Both have advantages and disadvantages. E.g. if your coins were stored locally, if something was to happen to your computer such as your hard disk getting destroyed you lose your cash. Conversely, if your coins are stored online in an exchange there are more likely to attract hackers.



    Famously in 2015, Mt. Gox, which was one of the largest bitcoin exchanges was hacked resulting in the virtual highest of 450,000 bitcoins with wooden valued at about 450 million dollars. While some coins have since been recovered, a large number are still missing due to the way the bitcoin protocol works, it's simply wasn't possible to hit the undo button. So, choose your wallet wisely.

    LanguageEnglish
    Publisher1kkbooks
    Release dateNov 14, 2017
    ISBN9781537843537
    The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.

    Related to The Bitcoin Genesis:

    Related ebooks

    E-Commerce For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Crypto Compendium

      Jun 3, 2022

      The Crypto Compendium
      16 min read

    • Article

      The Maya of Bitcoin

      Mar 19, 2018

      The Maya of Bitcoin
      11 min read

    • Article

      Why Trading In Bitcoin Or Other Cryptocurrencies Is Playing With Fire

      Jun 8, 2018

      The two biggest players for digital advertising may have finally halted the blockchain hype. In March 2018, Google updated its financial services advertising policy. With these changes, ads for "Cryptocurrencies and related content (including but no

      4 min read

    • Article

      Blockchain Security

      Apr 4, 2022

      Last month we talked about some of the blockchain scams and ongoing security issues with many decentralised finance (DeFi) apps, so this month we thought it might be worth taking a bit of a deeper dive into the fundamentals of blockchain and cryptocu

      4 min read

    • Article

      Cryptocurrencies

      Mar 8, 2019

      Cryptocurrencies are traded as commodities and partly used as a medium of exchange. They are still actively traded despite the ‘2018 cryptocurrency crash’ (a.k.a. the Great Crypto Crash), which shook the market in the first quarter of last year. Almo

      9 min read

    • Article

      SEC Investigates Cryptocurrency Offerings

      Mar 1, 2018

      The Securities and Exchange Commission has sent dozens of subpoenas in recent months to cryptocurrency companies that promote "initial coin offerings."

      1 min read

    • Article

      The Chain

      Jun 2, 2022

      The Chain
      4 min read

    • Article

      The NFT Handbook

      Apr 1, 2022

      Non-fungible tokens (NFTs), which are essentially digital files linked to a blockchain ledger, are the latest “hot” investment in the art market. Many collectors are willing to pay huge sums for them. But there is still a lot of uncertainty about wha

      1 min read

    • Article

      COVID 19 Impact on Bitcoin:

      May 3, 2021

      Even though COVID 19 had a severe impact on the Global Economy, Bitcoin proved resistant. The value of Bitcoin was halved in March 2020, but currently, it has reached an all-time high. The major reason was the loss of jobs during the pandemic, result

      1 min read

    • Article

      Crypto Kleptos

      Jun 17, 2019

      Crypto Kleptos
      2 min read

    • Article

      China’s Bitcoinban

      Nov 11, 2021

      In September, the Chinese central bank and the country’s regulators suddenly announced a ban on crypto transactions in the country, a move that immediately saw the Bitcoin price fall by 9%. “It wasn’t a huge surprise to see that China had taken that

      1 min read

    • Article

      The Bnpl Mania

      Jan 7, 2022

      The Bnpl Mania
      13 min read

    • Article

      How Do I Transfer A NFT?

      Jul 1, 2021

      How Do I Transfer A NFT?
      1 min read

    • Article

      Raining On India’s Crypto Parade?

      Dec 4, 2021

      With millions of Indians already invested in cryptocurrencies and possibly as many trying to assess its scope and risks before taking the plunge, there is a lot of interest in the upcoming Cryptocurrency and Regulation of Official Digital Currency Bi

      2 min read

    • Article

      The Small Borrowers' Bank

      Mar 5, 2019

      The Small Borrowers' Bank
      3 min read

    • Article

      The Future Of Money

      May 14, 2021

      The Future Of Money
      3 min read

    • Article

      Mexican Currency Reform

      Mar 7, 2023

      Mexican Currency Reform
      2 min read

    • Article

      Stock Market Today: Tech Helps Nasdaq, S&P 500 Extend Streaks

      Nov 4, 2021

      The stock market rally continued Thursday – though not for all indexes – as investors continued to process yesterday's Federal Reserve decision to taper as well as mixed messages about the economy. The result was a ninth straight day of gains for the

      3 min read

    Related categories

    Reviews for The Bitcoin Genesis:

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Bitcoin Genesis: - Jimmy Putnic

      cover.jpg

      THE BITCOIN GENESIS:

      Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.

      Jimmy Putnic

      PRONOUN

      Thank you for reading. If you enjoy this book, please leave a review.

      All rights reserved. Aside from brief quotations for media coverage and reviews, no part of this book may be reproduced or distributed in any form without the author’s permission. Thank you for supporting authors and a diverse, creative culture by purchasing this book and complying with copyright laws.

      Copyright © 2017 by Jimmy Putnic

      Interior design by Pronoun

      Distribution by Pronoun

      ISBN: 9781537843537

      TABLE OF CONTENTS

      THE HISTORY OF BITCOIN.

      2010: Bitcoin’s Initial Stags.

      2011: Th Awareness of Bitcoin

      2012: Bitcoin matures

      2013: Bitcoin Introduced to The World.

      2014: Bitcoin and Cryptocurrencies.

      2015: The Business Blockchain

      2016: A Year of Promise for Bitcoin

      2017: The Second Era of Bitcoin Begins

      HOW DOES BITCOIN WORK

      Obtaining Bitcoins.

      Buy them from a bitcoin exchange.

      Mining

      SPENDING BITCOIN

      Safety Tips.

      THE 451 TAKE AND CURRENCY

      Bitcoin and Currency

      A question of faith

      THE MINING OF BITCOIN

      Difficulty

      Reward and Hardware

      Mining pools.

      Mining History

      ADVANATGES AND DISADVANTAGES OF BITCOIN: Complications

      Advantages.

      First bitcoin transaction

      CONCLUSION

      TABLE OF CONTENTS

      2010: Bitcoin’s Initial Stags.

      2011: Th Awareness of Bitcoin

      2012: Bitcoin matures

      2013: Bitcoin Introduced to The World.

      2014: Bitcoin and Cryptocurrencies.

      2015: The Business Blockchain

      2016: A Year of Promise for Bitcoin

      2017: The Second Era of Bitcoin Begins

      HOW DOES BITCOIN WORK

      Obtaining Bitcoins.

      Buy

      Enjoying the preview?
      Page 1 of 1