Overview

"Have you ever wondered what the blockchain, virtual reality, NFTs, DeFi, the metaverse, and cryptocurrencies are? Do you even understand what these terms mean? Will they ever have an effect on your life? Well, that's what this book aims to investigate. You've come to the right location if you've heard these phrases before but they still frighten you: A Blockchain This book is a comprehensive guide to the upcoming digital revolution, which will fundamentally alter how we use the internet. It covers everything from taking part in virtual live events to decentralized finance, which enables individuals to make their own investments free of middlemen. With this backdrop established, the book moves on to a practical and understandable explanation of how Bitcoin works. Bitcoin is a decentralized, distributed piece of software that uses electricity and processing power to create undeniably accurate records, enabling its users to use the Internet to carry out conventional financial functions without depending on or having faith in any physical infrastructure or governing bodies. Thus, the best way to understand bitcoin is as the first digital currency and hard currency to be applied successfully. Bitcoin's real competitive advantage may just be as a store of value and network for the final settlement of large payments-a digital version of gold with a built-in settlement infrastructure. With an automated and perfectly predictable monetary policy and the ability to complete final settlement of large sums across the globe in a matter of minutes. The book's last chapter examines some of the most frequently asked questions about bitcoin: Is the energy used in Bitcoin mining wasted? Bitcoin: A tool for criminals? Who is in charge of Bitcoin, and may they alter it as they see fit? How can one stop Bitcoin? What are all the tens of thousands of Bitcoin imitations and the countless purported uses for the ""blockchain technology"" behind Bitcoin to be? The Blockchain is a key tool for comprehending the growth of the decentralized, apolitical, free-market alternative to national central banks on the Internet."

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9781801899635

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