Bitcoin really is a new kind of currency. It exists purely on the Web as a free computer network. Anyone with Internet access can send and receive money as quickly as an e-mail would send. We are seeing the beginning of a new world of finance with this new form of digital cash. This book is a 7-chaptered edifice to help broaden your horizon about the world’s greatest cryptocurrency.

In January 2009, Bitcoin was launched just a few months after the 2008 financial crisis. Anyone in the world has access to bitcoin as a genuine peer-to-peer currency, with the ability to send it to anyone else. The development guarantees that no one can lock or withdraw their funds. This ubiquitous currency's results are quite remarkable. We've seen the price increase in currency from less than one US cent to more than one thousand dollars.

Bitcoin has been challenging the mainstream view of finance since its launch. Bitcoin's limited supply and resistance to manipulation, originally designed as Digital Gold, has culminated in an explosion of new ideas and projects with the clear potential to disrupt major industries and forever change finance.

Bitcoin’s mysterious founder, Satoshi Nakamoto, is known only through his contributions, namely the whitepaper of Bitcoin and his initial forum posts to help core developers to support and preserve source code. While no one can confirm his identity, his work's value is evident in the fact that the source code of Bitcoin has been tested and challenged without reported serious bugs or exploits. This is really an incredible feat.

No single group of people, including governments, banks, and companies, regulate Bitcoin as all peers are equal participants, participating through the same protocol. The monetary policy is determined by its open computer network and is self-regulated. Therefore, we see the emergence of a new cycle of money with Bitcoin.

© 2020 yoshi takeshita (Lydbok): 9781664949942

Utgivelsesdato

Lydbok: 25. oktober 2020