Bitcoin Deciphered: What It Is, How It Works, How to Get It, & How to Use It
English | 2021 | ASIN : B09F9B2BM5 | 45 pages | PDF,EPUB,AZW3 | 7.34 MB
f you've ever been introduced to Bitcoin and gone on to ask "What is it, really
", "How does it actually work", and "What gives it value", you're not alone. Getting simple answers is difficult and the "so what" we are seeking is often obscured by overly technical websites, articles, or discussion forums.
This book is a carefully crafted walk-through designed to provide the straight-forward, logical explanation of key Bitcoin features and operations that most would like to know without getting into the details of how to calculate or program them.
This book covers:
How a user's bitcoins are protected by public key / private key cryptography
How Bitcoin's network and public ledger operate
Why proof-of-work gives bitcoins value
How Bitcoin software is updated and some notable upgrades
Private key management and backup options
An example of how to use a popular exchange platform to send bitcoin to a personal wallet address
The goal is that an attentive, motivated reader can progress from a novice to an intermediate level of understanding. While not exhaustive, this should be enough for someone to have intelligent, informed conversations with friends, family, and other Bitcoin enthusiasts.