Cryptocurrencies have enthralled thousands of futurists, science fiction authors, tech aficionados, and even investors and bankers. But what exactly is a cryptocurrency? For some, the name invokes cloak and dagger images of computer hackers, spies, and fraudulent claims, while others perceive anything ‘crypto’ with a jaundiced eye.
Still others, including those poised to make a hefty profit from cryptocurrencies, view this new technology as an opportunity for investments, banking, and eliminating transaction fees.
This book on cryptocurrencies is the most simple and fast guide for beginners who want to learn about Bitcoin and some of the many other major cryptocurrencies such as Ethereum, Litecoin, and Ripple.
Confusing though cryptocurrencies may seem to be, this book is dedicated to introducing the beginner to the inner workings of cryptocurrencies - which you’ll find are strikingly similar to physical currencies - and different types of cryptocurrencies out in the world market.
While Bitcoin (BTC) takes the lion’s share of attention from tech enthusiasts, there are other cryptocurrencies operating under slightly different platforms that we will also examine. Ethereum, Litecoin, and Ripple are examples of these cryptocurrencies that may be used for different purposes.
Understanding the rudiments, mechanisms, and risk/rewards behind getting involved Bitcoin and other cryptocurrencies can be a lot of work, which is where this book comes in handy and breaks it down in an easy-to-understand language and gives you a solid understanding of exactly what cryptocurrencies are and how they are affecting the world as we know it.
In this book, we will specifically discuss four of the major cryptocurrencies in great detail.