Bitcoins Are Not Science Fiction: How Bitcoins Are Traded on Exchanges Across the World |
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| Author:
| Proch, Zada |
| ISBN: | 979-8-4015-6081-0 |
| Publication Date: | Jan 2022 |
| Publisher: | Independently Published
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| Book Format: | Paperback |
| List Price: | USD $9.99 |
Book Description:
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Bitcoin has become a fixture in today's modern society, a source of innovation and mystery, and has begun to change the way we think about currency. In this book, the author highlighted all of the important information you need to know about this new digital currency without bogging you down in boring terms and dry writing. You are about to explore that: - Bitcoin is, at its core, virtual currency. - It is a digital representation of money that can be used to purchase...
More Description
Bitcoin has become a fixture in today's modern society, a source of innovation and mystery, and has begun to change the way we think about currency. In this book, the author highlighted all of the important information you need to know about this new digital currency without bogging you down in boring terms and dry writing. You are about to explore that:
- Bitcoin is, at its core, virtual currency.
- It is a digital representation of money that can be used to purchase goods and services in the same way cash can be used to purchase those same goods and services.
- However, Bitcoin differs considerably from these other currencies in that it is not backed by any bank or nation and has no formal organizational structure behind it.
- Bitcoin is managed entirely by a Peer Peer (P2P) network of individuals that manages balances and transactions on its own.
- Bitcoins are "mined" from computer networks through the process of solving a complex mathematical problem.
- And more