Cryptocurrency

di Johnnie Alberts (Autore)

Dedona Publishing, 2024

This book consists of two titles, related to bitcoin and altcoins: Title 1 - A crypto wallet is a tool for storing your bitcoins. Specifically, it is software designed to keep your Bitcoin secure. This software can be run on various devices including desktop computers, laptops, and mobile phones (though currently not on Apple devices). It can also be configured to store bitcoins on physical media like thumb drives, which is a good option if you are concerned about hacking. For example, the Winklevoss twins, who have invested millions in Bitcoin, use hard drives to store their assets and keep them in a safe-deposit box. The Winklevoss twins originally conceived the idea for a social networking site that eventually became Facebook. They collaborated with Mark Zuckerberg, who took their idea and became exceedingly successful. Title 2 - The history of Bitcoin is both fascinating and complex. Developed by an anonymous group of mathematicians, Bitcoin emerged in 2008 with the intention of becoming "virtual gold," and its first software was released in early 2009 during the peak of the U.S. recession. Recognizing the need for long-term value, similar to gold, its creators capped the supply at 21 million Bitcoins. Bitcoin mining, the process by which new Bitcoins are generated, involves "miners" using specialized software to solve intricate mathematical problems, earning Bitcoins as a reward. Bitcoin has dominated the cryptocurrency world for so long that "crypto" and "Bitcoin" are often used interchangeably.

• Autore: Johnnie Alberts
• Anno edizione: 2024
• Editore: Dedona Publishing
• EAN: 9798882259845

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