Bitcoin is a fascinating new-age decenteralized currency that is only available online and allows the user to be somewhat anonymous. It is a digital currency that can be used by anyone linked to the Internet and is independent of any region. You keep Bitcoin in a "electronic wallet", much like how you put your money in your wallet or a bank. This is all operated electronically and there is no fiat (paper) money involved.
This book will help you understand everything you need to know about Bitcoin, blockchain and cryptocurrencies including the benefits and challenges of the new technology, and I will provide you with a step by step guide for achieving a higher level of understanding so you can feel comfortable getting involved with Bitcoin and other cryptocurrencies.
Genre: BUSINESS & ECONOMICS / Money & Monetary PolicyThis book has been selling very well since it's release roughly two months ago.
Miners or machines involved in the development of cryptocurrencies exchanged bitcoins for fun during its first year. On May 22, 2010, in Florida, the first Bitcoin payment occurred when a man purchased two Papa John's pizzas worth $25 for 10,000 Bitcoins. At that time, one penny was equivalent to four Bitcoins.
One Bitcoin is worth about $45,000.00 as of February 10, 2021, meaning that the Bitcoins used to purchase those two pizzas will now be worth almost $450 million.
Since then, several types of cryptocurrencies have been developed, all with varying degrees of success. This extended the code behind the Blockchain of Bitcoin, a digital transaction recording ledger, and enabled other technology uses.
Bitcoin has soared from $333.60 on November 3, 2014, to a peak value of about $48,496.76 on February 9, 2021. In 2010, in place of existing currencies, a handful of merchants began accepting Bitcoin.
The cryptocurrency was also starting to draw attention from tech elites. Cameron and Tyler Winklevoss bought $10 million worth of Bitcoin in 2012, and their investment more than tripled in less than a year. The Winklevoss twins are estimated to own 1 percent of all the bitcoin available.
Elon Musk and Tesla also shook up the Bitcoin world, announcing a $1.5 billion dollar purchase of Bitcoin in February of 2021. Elon Musk also announced that Tesla would begin accepting Bitcoin to purchase their EV vehicles, which might start a trend with other large tech companies accepting the cryptocurrency as payment for their products and services.
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German
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Italian
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Portuguese
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