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Learning Bitcoin

Learning Bitcoin

By : Caetano
3 (3)
close
Learning Bitcoin

Learning Bitcoin

3 (3)
By: Caetano

Overview of this book

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.
Table of Contents (10 chapters)
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9
Index

What you need for this book

To follow along with the examples of this book, you will need a modern web browser and a stable internet connection. Many of the Bitcoin services mentioned in the book are web-based and will only work on modern equipment. An iOS or Android smartphone might be necessary for some operations and authentication.

To be able to set up and install a Bitcoin node, a fast internet connection and a computer with a strong processor is required. The hard drive should have a minimum storage of 50 GB available, but more will be needed as the blockchain grows in size.

For the various aspects that involve programming, a computer with access to a terminal is required. Mac OS/X, Windows, and Linux have console access within a terminal. There are some additional tools required for setting up, such as Node.js, in order to follow along with the examples. Lists of the tools are provided with the examples.

If you are interested in setting up a Bitcoin mining rig, special equipment is required. Some of the equipment might be difficult to find and expensive to purchase. As the market is still new, one can expect many changes in pricing and availability. It is recommended that you check the forums and online marketplaces, such as eBay and Craigslist, to find more information about purchasing the equipment.

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