Grokking Bitcoin By Kalle Rosenbaum Pdf

Grokking Bitcoin By Kalle Rosenbaum Pdf

Download Grokking Bitcoin By Kalle Rosenbaum Pdf book free online – from Grokking Bitcoin By Kalle Rosenbaum Pdf book; If you think Bitcoin is just an alternative currency for geeks, it’s time to think again. This book opens up this powerful distributed ledger system, exploring the technology that enables applications both for Bitcoin-based financial transactions and using the blockchain for registering physical property ownership.

With this fully illustrated, easy-to-read guide, you’ll finally understand how Bitcoin works, how you can use it, and why you can trust the blockchain.

The book explains why Bitcoin’s supporters trust it so deeply, and why you can too. This approachable book will introduce you to Bitcoin’s groundbreaking technology, which is the key to this world-changing system. This illustrated, easy-to-read guide prepares you for a new way of thinking with easy-to-follow diagrams and exercises.

You’ll discover how Bitcoin mining works, how to accept Bitcoin, how to participate in the Bitcoin network, and how to set up a digital wallet.

You can think of a cryptographic hash as a fingerprint. A person will produce the same fingerprint of her left thumb every time it’s taken, but it’s extremely hard to find another person with the same left thumb fingerprint. The fingerprint doesn’t disclose any information about the person other than that particular fingerprint. You can’t know what math skills or eye color the person has by looking at this fingerprint.

Digital information also has fingerprints. This fingerprint is called a cryptographic hash. To create a cryptographic hash of a file, you send the file into a computer program called a cryptographic hash function. Suppose you want to create a cryptographic hash—a fingerprint—of your favorite


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