When seeking quality publications on Bitcoin, the usual reader will be confronted with a myriad of sources. How to distinguish the qualitative works from marketing dressed up as information? In this article we will talk about the best bitcoin books out there. If you are serious about wanting to learn more about Bitcoin, if you want to understand the Bitcoin network in-depth, these are three of the must haves.
In this article we will talk about Best bitcoin books. When talking about something that is intangible as well as valuable, the mind doesn’t seem to click on anything until you hear the word “bitcoin”. From its launch in 2009 up till today, it has grasped the world’s attention. Be it eyes—we see bitcoin written everywhere on the internet, be it ears—we hear people speaking about bitcoin in our surroundings or in thousands of videos and audio podcasts on the internet, but when it comes to using the sense of touch—we find no way to touch or personally possess bitcoin tangibly. Now that’s something intangible and valuable—THE MIGHTY BITCOIN.
It’s not just the bitcoin that the world is going crazy about; there are other such intangible coins. But the question of their value as compared to bitcoin often becomes topic of the debates. The debates may range from between two tech enthusiasts talking about the digital landscape, it may be between coteries of investors talking about the prospects of their financial gains or it may be a forum of cryptocurrency conference where the debate can relate both to the technological as well as financial prospects of the cryptocurrency. These coins include Ethereum, Ripple and Litecoin among the most popular ones. However, there are thousands of coins that are part of this list. There coins are often called “Altcoins” because they are seen as an “Alternative to Bitcoin”.
Essentially, both bitcoin and these altcoins are called “Crypocurrencies”. Basically cryprocurrency is a form of digital currency, which is said to be designed keeping in view the factors of anonymity, security and swiftness. Anonymity in such a way that when the transaction is made between two users, their identity would not be revealed in case they made this transaction using bitcoin or some other coin—cryptocurrency and also there would not be any third party involved in this transaction thus it is also called decentralized form of currency. Security in such a way that the transaction cannot be intercepted and the amount being sent cannot be sent to some fraudulent person. Swiftness in the sense, that the transaction would be processed super quickly as compared to traditional ways of processing the payments. Thus anonymous, secure and swift become the primary goals of these cryptocurrencies.
However, these factors of anonymity, security and swiftness vary from coin to coin. While ripple is claimed to be the fastest among these in processing the transaction within 4 seconds, others like bitcoin are said to perform the same transaction within a few hours. Nevertheless, why is it that bitcoin is so popular, while others are not so? The answer lies in the fact that bitcoin is the oldest crypocurrency launched by a person with a pseudonym of “Satashi Nakamoto” with the underlying technology being “blockchain”.
Blockchain and Ledger
Blockchain is a distributed transaction ledger—just like the traditional ledgers in banks or accountancy firms— with a capability of storing and processing data but there’s a difference. While the traditional ledgers are prone to tempering, the blockchain ledger cannot be tempered with due to the fact that this ledger is composed of an ever growing list of records known as blocks. These blocks are linked to each other by means of algorithms of cryptography. Cryptography is a practice of achieveing secure communications. And in case of cryptocurrencies the secure communication means secure transaction. The blocks are connected to each other and have a set of information stored in them and cannot be modified by anyone. Thus these blocks are impossible for the hackers to break into. However, given that the internet is quite vulnerable space, it is important to invest on further security. While the software wallets available on the PCs and phones are still prone to hacking, hardware wallets come in with fool proof security since they are tangible. Therefore a sound investment should be made in acquiring a ledger that is as fool-proof, as secure and as fast as Ledger Nano X o Ledger Nano S, more cheap.
The Internet Of Money
If you are one looking to purchase bitcoin in a bid to grow your investments exponentially, this one’s for you. Andreas M. Antonopoulos—a learned teacher, a tech savvy serial-entrepreneur, a prolific writer and an expert on bitcoin—in his book
“The internet of Money” explains how bitcoin has revolutionized the digital landscape of the internet. It has completely disrupted the formerly known as digital landscape by means of blockchain and has turned the landscape into what is now called cryptomarket. No wonder then bitcoin has become internet of the money! Bitcoin has entirely revamped the finance market not only on the internet but traditionally as well. It has erupted debates in the financial sector as to how it can or has the propensity to done away with the fiat currency and with the banks as well. It has troubled the corporate as well as banking sector using its advanced decentralized nature that means that the banking sector or the third party is not at all needed while processing the transaction. The bitcoin is the future of the internet and this internet is known as the internet of the money. Not only can it minimize the role of the banking sector but can also bring a technological evolution that goes well beyond just the digital currency. It essentially has what it takes to replace the fiat currency, minimizing the role of banks as well of governments in the financial market. Apart from all this, Andreas further goes into philosophical, historical and social implications of the internet of the money. He talks about the philosophy of Satashi Nakamoto by asserting that maybe his philosophy was decentralization and minimizing the role of the government in private financial matters of the public at large. Does this mean that bitcoin can eventually bring the governments on its knees towards the much sought-after Laissez-Faire economy? For this to be answered, we will have to wait for a few years. Socially, he talks about how bitcoin can transform the day to day social matters involving finances. Will shops only accept bitcoins in the near future and will people lend and borrow using bitcoin? The answer to this again needs a few more years for an accurate answer. Historically, will bitcoin be resented again like the traditional digital currencies on the internet? The answer to this does not need years to be answered. In fact, governments can be seen debating against the technology since it is pushing their role in the finances towards the periphery. However, it is not only philosophical, social or historical factors that are under limelight. In fact, the internet of the money can fundamentally transform our lives and our approach towards social, political and economic problems—all by means of decentralized technology adapted by the bitcoin.
The Bitcoin Standard: The Decentralized Alternative to Central Banking
If you are not much into the financial aspect of the bitcoin and are interested to know the implications of bitcoin on the banking sector. This section demands your attention. The section again goes into the analysis of the book written by Saifedean Ammous called “The bitcoin Standard: The Decentralized Alternative to Central Banking” Saifedean Ammous, a revered bitcoin expert, has been associated with the economics for long and holds a PHD in economics. Currently a professor of economics, Saifedean talks about the journey of bitcoin that how it went from being nothing in 2009 to everything in 2019. In mere ten years, the bitcoin has not only become the talk of the town but also of the corporate as well as banking sector by giving them an alternative to paper currency. Economics is all about demand and supply, so is bitcoin. Thus Saifedean asserts that bitcoin has the potential to play an important part in the economy. From becoming part of the economy, it has sought its mention in the political and social debates as well. Thus, negating government and banking sector’s stance, bitcoin offers the new solution to the old problem of transferring money. However, whether or not bitcoin will be adopted by the governments is yet to be seen.
Mastering Bitcoin: Programming the Open Blockchain
If economics and banking seem too boring to you, give me a high five. No more boring read for the tech savvies since this part discusses what it takes to be a blockchain programmer. Technology evolves with time making it imperative for technologists to evolve themselves at the same pace. Therefore, in the Internet of the Money scenario, one has to be do away with the old school Symbian or BB app development and rather work towards the latest Decentralized Applications called Dapps. Such technology demands the know-how of blockchain which Andreas discusses in-depth in his book called “Mastering Bitcoin: Programming the Open Blockchain”. No matter if you are a novice or an intermediate at blockchain, this book covers each and every aspect of the blockchain technology in non-technical jargon. From bitcoin’s decentralized architecture to its peer-to-peer network, from transaction lifecycle to its security layers, from payments to blazing fast network—the book is one-in-all solution that each blockchain enthusiast must refer to. For further ease, code snippets and graphical illustrations are embedded alongside how-to of the blockchain.
Now that we have covered each and every aspect of the bitcoin, on account of the all the above quoted authorities, it can be safely said that bitcoin is here to stay. It is the internet of the money, it is the decentralized currency that is disrupting banking sector and it is bitcoin’s underlying blockchain technology that is changing the entire internet landscape. Thus one should not hesitate in investing in bitcoin and learning the underlying technology of blockchain. However, what is most needed in case of investment is a further investment on the safety of your coins, therefore buying a ledger is the most fruitful investment you would ever make!
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