Recommended Cryptocurrency Books

library

Hello Reader,

Have you finished reading all my previous articles and find yourself with an insatiable desire for more crypto currency knowledge?

Then you’ve come to the right place, this post is dedicated to my favourite books on the subject. You’ll find no money-grabbing referral links here, just great content from some of my favourite authors in the space to continue your education.

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How do Bitcoin fees work?

bitcoin feesHello Reader,

It’s time to talk about the elephant in the room, Bitcoin fees.

When Bitcoin first launched, the cost of each transaction fee was negligible and in many cases, you could send transactions with zero fees which would still be processed.

However, I’m afraid that time has long gone and the average cost of a transaction has now crept above a dollar.

So what happened?

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Setting up a mobile Bitcoin wallet using Breadwallet

Breadwallet

Hello Reader,

In my introduction to Bitcoin wallets, I took you through the concept of a mobile wallet as an easy and quick way to get up and running with Bitcoin.

In this post, I am going to explain in detail how to actually use a mobile wallet. This post will focus on my favourite app, Breadwallet on iOS. Yes, I’m afraid I’m a guilty as charged Apple fanboy. However, the app functions nearly identically on both iOS and Android so the tutorial should work pretty much the same whichever platform you choose.

Breadwallet was created by Aaron Voisine and Adam Traidman, two silicon valley based developers. It’s main principles are simplicity and beautiful design which I think is sorely needed in the highly complex and confusing world of crypto currency.

But enough waffling, let’s get this show on the road.

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So how do I actually purchase crypto currency and Bitcoin?

purchase

Hello Reader,

Last time we went through the various ways that you can get hold of some crypto currency and Bitcoin. In this article, I am going to take you through the most common method of getting bitcoins. Purchasing them with fiat currency!

Buying bitcoins can be harder than you might initially expect as the industry is still in it’s fledgling years. However, there are still many different ways, so let’s take a look at each of them in turn.

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What types of Bitcoin wallets are available and which should I choose?

Hello Reader,

We’ve already explored what a bitcoin address is and how they are protected by cryptography. Now we will learn what bitcoin wallets are, which options are available and how you go about using one. Yes, this is the post that gets you on board the digital currency train.

A wallet is simply a collection of bitcoin private keys which enables you to use multiple bitcoin addresses with ease

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What is a blockchain?

Hello Reader,

In the last post, we uncovered exactly what a Bitcoin address is and how one can be secured using modern cryptography.

In this post we are going to delve into the database underpinning bitcoin and learn how it is structured. That database is known as a blockchain:

A blockchain is simply a distributed database

For many years, it was thought that fully decentralised digital currencies were impossible. The reason being the problem of double spending. How do you ensure that a digital coin has not been copied electronically and therefore spent repeatedly without the use of a central authority for verification?

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What is public key cryptography and how does it relate to Bitcoin?

Hello Reader,

In this post we will take a closer look at the magic of cryptography and how it features in Bitcoin.

Bitcoin begins with public key cryptography

As I’ve touched on in my previous posts, the Bitcoin protocol is essentially a record of transactions between addresses. For simplicities sake you can think of an address as being akin to an online bank account. The Bitcoin ledger contains records of the coins that each address has sent and received.

But what actually is an address? Public key cryptography was published in the 1970s and provides a method for asynchronous encryption and decryption of information.

What on earth does that mean?

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