Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Join the technological revolution that’s taking the financial world by storm. Mastering Bitcoin is your guide through the seemingly complex world of this currency, providing the knowledge you need to participate in the internet of money. Whether you’re building the next killer app, investing in a startup, or simply curious about the technology, this revised and expanded second edition provides essential detail to get you started.
Bitcoin, the first successful decentralized digital currency, is still in its early stages and yet it’s already spawned a multi-billion-dollar global economy open to anyone with the knowledge and passion to participate. This book provides the knowledge. You simply supply the passion.
> A broad introduction of bitcoin and its underlying blockchain—ideal for non-technical users, investors, and business executives
> An explanation of the technical foundations of this currency and cryptographic currencies for developers, engineers, and software and systems architects
> Details of the bitcoin decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles
> New developments such as Segregated Witness, Payment Channels, and Lightning Network
> A deep dive into blockchain applications, including how to combine the building blocks offered by this platform into higher-level applications
> User stories, analogies, examples, and code snippets illustrating key technical concepts
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