Understanding Bitcoin: Cryptography, Engineering and Economics
Understanding Bitcoin clearly exposes many concepts previously mainly known to insiders of the cryptocurrencies’ world. It covers a wide range of topics, from the economics or the basic technology (such as elliptic curve cryptography, Merkle trees or the blockchain) to advanced cryptographic concepts (such as non-interactive zero-knowledge proofs), and explores many applications based on these ideas (such as multi-signature wallets or fully anonymous payment systems). All this is accomplished in a book that is very approachable and comprehensible.
This comprehensive, yet accessible work fully explores the supporting economic realities and technological advances of Bitcoin, and presents positive and negative arguments from various economic schools regarding its continued viability. This authoritative text provides a step-by-step description of how Bitcoin works, starting with public key cryptography and moving on to explain transaction processing, the blockchain and mining technologies. This vital resource reviews Bitcoin from the broader perspective of digital currencies and explores historical attempts at cryptographic currencies. Bitcoin is, after all, not just a digital currency; it’s a modern approach to the secure transfer of value using cryptography. This book is a detailed guide to what it is, how it works, and how it just may jumpstart a change in the way digital value changes hands.
- Understand how Bitcoin works, and the technology behind it
- Delve into the economics of Bitcoin, and its impact on the financial industry
- Discover alt-coins and other available cryptocurrencies
- Explore the ideas behind Bitcoin 2.0 technologies
- Learn transaction protocols, micropayment channels, atomic cross-chain trading, and more
Bitcoin challenges the basic assumption under which the current financial system rests: that currencies are issued by central governments, and their supply is managed by central banks. To fully understand this revolutionary technology, Understanding Bitcoin is a uniquely complete, reader-friendly guide.
– PART ONE: INTRODUCTION AND ECONOMICS
- Technology (Introduction)
- Business Applications
– PART TWO: BITCOIN TECHNOLOGY
- Public Key Cryptography
- The Blockchain
– PART THREE: THE CRYPTOCURRENCIES LANDSCAPE
- The Origins Of Bitcoin
- Alt(ernative) Coins
- Contracts (the Internet of Money or Cryptocurrencies 2.0)
- The Privacy Battle
- Odds and Ends