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    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin
    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin
    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin
    Ebook78 pages1 hour

    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin

    By Adidas Wilson

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    About this ebook

    Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

    LanguageEnglish
    PublisherAdidas Wilson
    Release dateJun 21, 2017
    ISBN9781386792864
    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin

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    • 3/5
      The language used suggest english as a second language, some parts were confusing but there were some gems of valuable information, overall a good read..

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    Book preview

    Mastering Bitcoin - A Beginner's Guide To Start Making Money With Bitcoin - Adidas Wilson

    Table of Content

    Basic Facts about Bitcoin

    Eight Steps to Earning Bitcoins

    Bitcoin Global Currency

    How to earn money through Bitcoins

    Bots in Bitcoins

    Blockchain Technology

    Sell Bitcoins

    Bitcoin Applications

    Bitcoin Faucets

    Cloud Mining Scams

    Bitcoins Changing the World

    Ethereum

    Distributed Ledger

    Cryptocurrencies

    Buying Bitcoins

    Bitcoins Transactions

    Bitcoin Casinos

    Bitcoin Games

    Table of Contents

    Bitcoin for Small Business

    20. BITCOIN ON A BUDGET

    21. Smart Contracts

    22. Dapp

    23. Bitcoin IRS Tax Guide

    Basic Facts about Bitcoin

    BITCOIN CAN SEEM COMPLICATED if you are trying to understand the concept behind the whole idea of online currency transactions. However, things may appear difficult only if you do not know what to look for and what it takes for Bitcoin transactions that may not feature in most other conventional ones. If you are having problems trying to understand the whole concept, do not worry, here are some of the basics.

    As much as the whole idea of Bitcoin is based on online transactions, it can be viewed from a physical transaction perspective for a better understanding. Look at it this way; you are sharing something with someone, this could be money, fruit, books, you name them. Then, it is only the two of you. You do not need to involve another person to witness it, nor do you have any concerns over the authentication of the transfer of ownership. The state of property shifts permanently from one person to the other, and the second owner can further transfer the ownership to yet a third owner. Well, Bitcoin operates similarly. 

    The only difference is that in most cases, Bitcoin operates on digital money. Now, here is where several issues come up. Unlike exchange in real life, the digital one can come with its fair share of challenges. One of this is determining how the exchange of ownership can be confirmed and whether or not the previous owner had shared it with someone else or in public. This raises the concern of double spending, which has been a challenge yet to be

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