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A Beginner's Guide to Bitcoin: Understanding Bitcoin and Learn How You Can Take Advantages to Make Profits

A Beginner's Guide to Bitcoin: Understanding Bitcoin and Learn How You Can Take Advantages to Make Profits

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A Beginner's Guide to Bitcoin: Understanding Bitcoin and Learn How You Can Take Advantages to Make Profits

Lunghezza:
66 pagine
55 minuti
Editore:
Pubblicato:
Aug 4, 2018
Formato:
Libro

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A Beginner's Guide to Bitcoin: Understanding Bitcoin and Learn How You Can Take Advantages to Make Profits





The whole idea of Bitcoin is quite difficult to understand, even for the most tech-savvy people. It is much easier to understand when you’re actually using the digital currency already. Bitcoin is a very common topic among entrepreneurs, investors, and traders. And if you want to learn about it without investing first, there’s a long way to go.



In this ebook, you'll learn what Bitcoin is, why it is important, how to own Bitcoins, and Advantages and Disadvantages of Bitcoin.

Editore:
Pubblicato:
Aug 4, 2018
Formato:
Libro

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A Beginner's Guide to Bitcoin - The Non Fiction Author

A Beginner’s Guide to Bitcoin

Understanding Bitcoin and Learn How You Can Take Advantages to Make Profits

By The Non Fiction Author

Copyright © 2018 by The Non Fiction Author

ALL RIGHTS RESERVED No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. All pictures are held by commercial license and may not be duplicated by anyone without express permission.

DISCLAIMER: This information is provided and sold with the knowledge that the publisher and author do not offer any legal or other professional advice. In the case of a need for any such expertise consult with the appropriate professional. This book does not contain all information available on the subject. This book has not been created to be specific to any individual’s or organizations’ situation or needs. Every effort has been made to make this book as accurate as possible. However, there may be typographical and or content errors. Therefore, this book should serve only as a general guide and not as the ultimate source of subject information. This book contains information that might be dated and is intended only to educate and entertain. The author and publisher shall have no liability or responsibility to any person or entity regarding any loss or damage incurred, or alleged to have incurred, directly or indirectly, by the information contained in this book.

Table of Contents

Chapter 1: Introduction

Chapter 2: Bitcoin Basics

Chapter 3: The Need for Bitcoins

Chapter 4: Possessing Bitcoins

Chapter 5: The Dark Side of Bitcoin

Chapter 6: Conclusion

Chapter 1:

Introduction

The whole idea of Bitcoin is quite difficult to understand, even for the most tech-savvy people. It is much easier to understand when you’re actually using the digital currency already. Bitcoin is a very common topic among entrepreneurs, investors, and traders. And if you want to learn about it without investing first, there’s a long way to go.

Bitcoin is a sort of advanced money which isn’t controlled by any budgetary organization, government or focal specialist. Miners make Bitcoins utilizing PCs with particular equipment. They additionally utilize the PCs to ensure the entire system and process exchanges. In return for what they do, the excavators gather bitcoins. Bitcoins utilize blockchain innovation to work. This innovation records every one of the exchanges in a sequential request on a virtual record.

As we advance through the distinctive points, you’ll have the capacity to comprehend the diverse parts of Bitcoin. We’ll begin with a more top to the bottom meaning of this virtual money.

Characterizing Bitcoins

For a considerable length of time, cryptographic forms of money (cryptocurrencies) have developed and they have developed in prevalence quickly. What’s more, the most popular and generally utilized kind of cryptocurrency is Bitcoin. It’s a decentralized type of currency, which implies that no single expert has control of it. Nowadays, we can use Bitcoins to buy almost anything wherever it’s accepted by the merchant.

Bitcoin transactions are computerized and anonymous as every transaction is encrypted with a hash code which are intensely scrambled. These transactions are done over a P2P network. The P2P network monitors every transaction and confirms the transactions made between Bitcoin users. Bitcoin users store their coins in a software called Bitcoin Wallet. This wallet contains a public address which can be used to send and receive coins. It also contains a private key which is only known by the owner of the wallet.

Bitcoin’s network is designed to create a limited number of coins mathematically. It’s only able to generate up to 21 million coins. The network is also able to standardize itself in case of inflation. You can spend Bitcoins by sending a transfer request from your own wallet to the wallet address of the person or merchant you’re sending the coins to.

In the US, Bitcoins are quite controversial. This is because they can be used to transfer illicit funds anonymously. They can also be used to conceal any unreported earnings from the IRS. Because of this, Bitcoin came up with a new policy. Now, any transactions which entail traditional government-backed currency needs to be linked to an existing identity.

The concept behind Bitcoins (and basically all other kinds of cryptocurrencies) is that it has

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