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"Inflation, depressed economies, debased currencies... these are just a few of the problems centralized banking has caused throughout history. Bitcoin, a digital currency created with the ambition to shift control away from change-prone governments, has the potential to bring an end to those problems once and for all. It's time to find out how it can help you. Grokking Bitcoin explains why Bitcoin's supporters trust it so deeply, and why you can too. This approachable book will introduce you to Bitcoin's groundbreaking technology, which is the key to this world-changing system. This illustrated, easy-to-read guide prepares you for a new way of thinking with easy-to-follow diagrams and exercises. You'll discover how Bitcoin mining works, how to accept Bitcoin, how to participate in the Bitcoin network, and how to set up a digital wallet." - Back cover

"A broad introduction to bitcoin--ideal for non-tech users, investors, and business executives; technical foundations of bitcoin 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; offshoots of the bitcoin and blockchain inventions, including alternative chains, currencies, and applications; user stories, elegant analogies, examples, and code snippets illustrating key technical concepts"--Page [4] of cover

Klappentext: The definitive guide to the game-theoretic and probabilistic underpinning for Bitcoin's security model. The book begins with an overview of probability and game theory. Nakamoto Consensus is discussed in both practical and theoretical terms. This volume: Describes attacks and exploits with mathematical justifications, including selfish mining. Identifies common assumptions such as the Market Fragility Hypothesis, establishing a framework for analyzing incentives to attack. Outlines the block reward schedule and economics of ASIC mining. Discusses how adoption by institutions would fundamentally change the security model. Analyzes incentives for double-spend and sabotage attacks via stock-flow models. Overviews coalitional game theory with applications to majority takeover attacks Presents Nash bargaining with application to unregulated environments This book is intended for students or researchers wanting to engage in a serious conversation about the future viability of Bitcoin as a decentralized, censorship-resistant, peer-to-peer electronic cash system.

Introduction -- What is bitcoin? -- Benefits -- Challenges -- Regulation -- Policy recommendations -- Conclusion

Klappentext: The definitive guide to the game-theoretic and probabilistic underpinning for Bitcoin's security model. The book begins with an overview of probability and game theory. Nakamoto Consensus is discussed in both practical and theoretical terms. This volume: Describes attacks and exploits with mathematical justifications, including selfish mining. Identifies common assumptions such as the Market Fragility Hypothesis, establishing a framework for analyzing incentives to attack. Outlines the block reward schedule and economics of ASIC mining. Discusses how adoption by institutions would fundamentally change the security model. Analyzes incentives for double-spend and sabotage attacks via stock-flow models. Overviews coalitional game theory with applications to majority takeover attacks presents Nash bargaining with application to unregulated environments. This book is intended for students or researchers wanting to engage in a serious conversation about the future viability of Bitcoin as a decentralized, censorship-resistant, peer-to-peer electronic cash system.

Discover Bitcoin, the cryptocurrency that has the finance world buzzing Bitcoin is arguably one of the biggest developments in finance since the advent of fiat currency. With Understanding Bitcoin, expert author Pedro Franco provides finance professionals with a complete technical guide and resource to the cryptography, engineering and economic development of Bitcoin and other cryptocurrencies. This comprehensive, yet accessible work fully explores the supporting economic realities and technological advances of Bitcoin, and presents positive and negative arguments from various economic schools

The digital currency founded by Satoshi Nakamoto in 2009 challenges everything we've come to accept about money, financial institutions, and even government. The currency is anonymous and can be traded internationally-without the fees, government regulation, and oversight by banks and government-backed securities. But Bitcoin is not without risk-the currency's value has fluctuated wildly since inception, and 400 billion suddenly disappeared overnight with the fall of Mt. Gox.

"A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.Digital Gold is New York Times reporter Nathaniel Popper's brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society's most basic institutions.An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement's colorful central characters, including a British anarchist, an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin's elusive creator, Satoshi Nakamoto. Already, Bitcoin has led to untold riches for some, and prison terms for others.Digital Gold includes 16 pages of black-and-white photos"--

Introduction to cryptography and cryptocurrencies -- How Bitcoin achieves decentralization -- Mechanics of Bitcoin -- How to store and use Bitcoins -- Bitcoin mining -- Bitcoin and anonymity -- Community, politics, and regulation -- Alternative mining puzzles -- Bitcoin as a platform -- Altcoins and the cryptocurrency ecosystem -- Decentralized institutions: the future of Bitcoin? -- Conclusion