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Discover Bitcoin, the teeming digital currency of the financial world. Bitcoin is one of the biggest economic developments since the introduction of the Fiat currency. Expert author Pedro Franco, who is familiar with bitcoin, provides technical guidance and a comprehensive resource for cryptography, design, and economic development of bitcoin and other digital currencies for lenders. This comprehensive yet easily accessible book examines Bitcoins economic realities and technological developments and provides positive and negative arguments from several economics schools about its survival. This authoritative text provides a step-by-step description of Bitcoin operations, starting with public key cryptography and explaining transaction processing, blockchain, and mining technologies. This important resource examines bitcoins from a broader perspective than digital currencies and looks at historical efforts in favor of cryptocurrencies. Bitcoin is not just a digital currency. This is a modern approach to the secure transfer of value through cryptography. This book is an accurate guide to what it is, how it works and how it can initiate change in digital value change. Learn how Bitcoin works and the technology behind it Learn about the Bitcoin economy and its impact on the financial sector Learn about alternative currencies and other existing digital currencies Learn the ideas behind Bitcoin 2.0 technology Transaction protocols, micropayments, chains Learn about atomic reciprocity . Trading and more and more Bitcoins are challenging the foundations of the current financial system: currencies are issued by central governments and central banks control their supply. To understand this revolutionary technology, Understanding Bitcoin is a unique, comprehensive and easy-to-read guide.

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