| Description |
1 online resource : illustrations |
| Series |
Community experience distilled |
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Community experience distilled.
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| Contents |
Cover; Copyright; Credits; About the Author; Acknowledgments; About the Reviewers; www.PacktPub.com; Table of Contents; Preface; Chapter 1: Setting up a Wallet; A brief history of money; Buying your first bitcoin in 15 minutes; Signing up for a wallet -- five minutes; Adding a funding source -- ten minutes; Buying bitcoin -- less than a minute; Looking at your Bitcoin balance; Explaining Bitcoin addresses; Sending and receiving bitcoins; Sending bitcoins; Receiving bitcoins; Private keys and wallets; Transactions and confirmations; Transactions; Confirmations; Comparing Bitcoin wallets |
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Online walletsDesktop wallets; Mobile wallets; Hardware wallets; Summary; Chapter 2: Buying and Selling Bitcoins; Understanding Bitcoin's price volatility; Exchange rates; Bitcoin's price history; Price bubbles; Theft; Seizure; Following exchange rates and news; Price tickers; Detailed price tracking; Candlestick charts; Market orders; Trading techniques; News sources; Comparing Bitcoin exchanges; Volume and liquidity; Fees and commissions; Transfer limits; Jurisdiction and regulations; Service uptime; Trading Bitcoins on an exchange; Setting up an account; Depositing funds |
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Using Coinbase ExchangeFunding and orders; Order book and history; Price charts; Physical Bitcoins; Summary; Chapter 3: Protecting Your Bitcoins; Storing your bitcoins; Bitcoin savings; Paper wallets; One time use paper wallets; Creating a paper wallet; Verifying your wallet's balance; Importing versus sweeping; Importing your Paper wallet; Paper wallet guidelines; Paper wallet services; Brainwallets; Creating a brainwallet; Increasing brainwallet Security; Deterministic wallets; Type 2 Hierarchical Deterministic wallets; Installing a HD wallet; Bitcoins in cold storage |
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Cold storage with ElectrumVerifying access to a private key; Good housekeeping with Bitcoin; Summary; Chapter 4: Understanding the Blockchain; The Genesis block; Satoshi Nakamoto; The whitepaper; The blockchain; Keys, transactions, and blocks; Creating a transaction; Digital signatures; Public key encryption; Signing a document; Elliptic Curve Cryptography; Bitcoin addresses; Cryptographic hashes; Generating a Bitcoin address; Signing a transaction; Decentralized network; Broadcasting the transaction; The blockchain; Blocks; Forks; The Bitcoin supply; Proof of work; Confirmation |
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Difficulty levelMining; Solving a difficult problem; Transaction fees; Network attacks; 51 percent attack; Race attacks; The Finney attack; Alternative coins; Summary; Chapter 5: Installing a Bitcoin Node; Understanding a Bitcoin node; Bitcoin Core; Internals of a node; Node discovery; Messaging; Maintaining a Blockchain; Transaction relaying; Bitcoin wallets; Installing the client; Requirements; Starting the client; Connecting to the network; Downloading the blockchain; Using the client; Encrypting your wallet; Backing up your wallet; Balance and history; Receiving transactions |
| Summary |
Embrace the new world of fiance by leveraging the power of crypto-currencies using Bitcoin and the Blockchain About This Book Set up your own wallet, buy and sell Bitcoin, and execute custom transactions on the Blockchain Leverage the power of Bitcoin to reduce transaction costs and eliminate fraud A practical step-by-step guide to break down the Bitcoin technology to ensure safe transactions Who This Book Is For If you are familiar with online banking and want to expand your finances into a resilient and transparent currency, this book is ideal for you. A basic understanding of online wallets and financial systems will be highly beneficial to unravel the mysteries of Bitcoin. What You Will Learn Set up your wallet and buy a Bitcoin in a flash while understanding the basics of addresses and transactions Acquire the knack of buying, selling, and trading Bitcoins with online marketplaces Secure and protect your Bitcoins from online theft using Brainwallets and cold storage Understand how Bitcoin's underlying technology, the Blockchain, works with simple illustrations and explanations Configure your own Bitcoin node and execute common operations on the network Discover various aspects of mining Bitcoin and how to set up your own mining rig Dive deeper into Bitcoin and write scripts and multi-signature transactions on the network Explore the various alt-coins and get to know how to compare them and their value In Detail The financial crisis of 2008 raised attention to the need for transparency and accountability in the financial world. As banks and governments were scrambling to stay solvent while seeking a sustainable plan, a powerfully new and resilient technology emerged. Bitcoin, built on a fundamentally new technology called ?The Blockchain,? offered the promise of a new financial system where transactions are sent directly between two parties without the need for central control. Bitcoin exists as an open and transparent financial system without banks, governments, or corporate support. Simply put, Bitcoin is ?programmable money? that has the potential to change the world on the same scale as the Internet itself. This book arms you with immense knowledge of Bitcoin and helps you implement the technology in your money matters, enabling secure transactions. We first walk through the fundamentals of Bitcoin, illustrate how the technology works, and exemplify how to interact with this powerful and new financial technology. You will learn how to .. |
| Notes |
Includes index |
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English |
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Online resource; title from PDF title page (EBSCO, viewed December 30, 2016) |
| Subject |
Bitcoin.
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Electronic funds transfers.
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Bitcoin.
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BUSINESS & ECONOMICS / Finance
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Bitcoin
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Electronic funds transfers
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| Form |
Electronic book
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| ISBN |
9781785286155 |
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1785286153 |
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1785287303 |
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9781785287305 |
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