Cryptocurrency and Blockchain Blueprint for Beginners

Download or read book Cryptocurrency and Blockchain Blueprint for Beginners written by Satoshi Minako Nakano and published by Createspace Independent Publishing Platform. This book was released on 2018-02-09 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrency and Block Chain Blueprint for Beginners You can easily describe the digital coin phenomenon as the gold rush of the 21st century. These digital coins are a type of digital currency or electronic currency, also known as cryptocurrency. Many people are attracted to the idea of investing in digital currency for various reasons. For one, it's new and exciting. Digital currency raises questions about our basic understanding of currency and the way we will use it in the future. Others are interested in making an investment into something that they expect to increase in value. Those investors purchase digital currency with the same idealism as those who purchase real estate or make other investments. The idea is to buy low and sell high. Their hope is that years from now they will be able to sell their digital currency (or items purchased with them) and make a healthy profit or have considerable more buying power than they had when they first purchased them. Although it is still violable, part of what many expected to happen with digital currency investments have already proven true with the skyrocketing value and the creation of new coins. However, a word of caution is still in order about these investments. Because there is no governmental oversight or central financial institution backing digital currencies, there is nothing to stipulate that anyone or any business has to accept them as real money. Those who participate in digital currency transactions do so electronically using a decentralized exchange. "Blockchain," also known as "block chain," is the decentralized record of digital currency ownership. Digital currency transactions are electronic transactions, which can occur anywhere and at any time, and anonymously. In spite of the uncertainty of the use of digital currency, it looks as if digital currencies are here to stay. This book is all you need to dip your toes into the cryptocurrency world and start making smart investments. This book is geared toward beginners and it will teach you about: The Block Chain Technology Cryptocurrencies Advantages and Disadvantages of Cryptocurrencies Cryptocurrency Mining Digital Currency Facts/Myths Alternatives to Bitcoin (Litecoin, Ripple, Monero, Dash, Ethereum, Ethereum Classic, Zcash, and Bitcoin Cash) Grab your copy today and learn how not to miss on this great opportunity that was gifted to us!