Cryptocurrency for Beginners

By Kurt Dugan

Enter the Profitable New World of Cryptocurrencies!
When you get your copy of Cryptocurrency for Beginners, you’ll learn about the profit potential of today’s newest financial markets. This book describes concepts like blockchains, Bitcoin mining, and cryptocurrency wallets in simple, easy-to-understand language. You’ll learn the mechanics of cryptocurrencies like Ethereum, Bitcoin, and Litecoin – and how to realize big returns from this emerging investment opportunity.
Inside this comprehensive guide, you’ll discover a wealth of knowledge about cryptocurrencies:

• The Top 10 Cryptocurrencies and Your Most Popular Options
• How Blockchain and Distributed Ledger Technologies Changed Finance
• The Basics of Ethereum Smart Contracts
• What Cryptocurrency Investors Must Know about DAO and DAPP
• Market Capitalization and How to Invest in Cryptocurrencies

and so much more!
With this book, you can understand the role of Bitcoin and Ethereum miners in the cryptocurrency market. You’ll find out about transaction verification, public distribution ledgers, and the creation of new Bitcoins. When you understand memory pools, candidate blocks, and the other fundamentals of cryptocurrency infrastructures, you can make smart and profitable investment decisions.
Don’t pass up this investment opportunity because you lack the relevant knowledge. Study up on cryptocurrencies today and get the information and confidence you need to enter this brave new financial system!
It’s quick and easy to order – just scroll up and click the BUY NOW WITH ONE CLICK button on the right-hand side of your screen

• Language: English
• Publisher: CRB Publishing
• Release date: Mar 10, 2018
• ISBN: 9788827589519

Book preview

CRYPTOCURRENCY

FOR BEGINNERS

A Guide to Learn About The Blockchain, Mining, Wallets, and Investing in Bitcoin, Ethereum, Litecoin, & More

Kurt Dugan

Copyright © 2018 by Kurt Dugan .

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.

For permission requests, please write to the publisher.

Table of Contents

Introduction

CHAPTER 1:

Introduction to the Main Concepts

Distributed Ledger Technology

Blockchain Technology

How a Blockchain Works

Chapter 2

Overview of Cryptocurrencies

Definition

History

The Popular Cryptocurrencies

The Top 10 Cryptocurrencies

Ethereum Smart Contract

DAO and DAPP

CHAPTER 3

Investing in Cryptocurrencies

Cryptocurrency Market Capitalization

What is Market Capitalization?

How to Invest in Cryptocurrency

Cryptocurrency Wallets

Types of Cryptocurrency Wallets

The Best Wallet Option for Aspiring Cryptocurrency Investors

How to Invest in Cryptocurrencies

A few things to keep in mind

CHAPTER 4

Mining Cryptocurrencies

Definition

Bitcoin Mining

Breaking Down the Basics of Bitcoin Mining

The Role of Bitcoin Miners

The Bitcoin Mining Process

Advancements in Bitcoin Mining

How to get involved in Bitcoin Mining

What is a Mining Pool?

Ethereum Mining

Conclusion

Introduction

You no doubt must have come across the term Cryptocurrency before now, arguably the most popular emerging technology in the world today. The internet is replete with numerous articles and blog posts of several matters relating to the world of Cryptocurrencies and how they are shaping the global financial landscape.

When Satoshi Nakamoto, the unknown person (or group of persons) who released the White Paper on Bitcoin as a Peer-to-Peer payment processing solution in 2008, few could have anticipated the sweeping impact the technology would have across the globe. Bitcoin was the beginning of the revolution and since then, other Cryptocurrency variants have been introduced with varying degrees of success and market penetration.

While Cryptocurrencies might have initially been envisaged as a means of achieving secure payment processing, the underlying technology behind it (Blockchain Technology) has been put to many uses. The introduction of the Ethereum Blockchain and its use of Smart Contracts have shown many stakeholders in the field that the potential applications of Cryptocurrencies and Blockchain Technology are limitless. These days, the technology is being applied by Governments and Large Corporations alike.

The purpose of this book is to educate beginners on how to go about investing in Cryptocurrencies. As at the time of writing this book, the total market capitalization of Cryptocurrencies stands at $170 billion. If this figure does not impress you, consider that at the start of the year, the market cap stood at $17.7 billion. This means that in a little over half a year, Cryptocurrencies have experienced a market cap growth of more than 850%. No other tradable asset has ever seen such growth.

With such astounding figures and growth potential, investing in the market is a wise decision. With numerous ICOs (Initial