Cryptocurrencies and the Blockchain Revolution
Author | : Brendan January |
Publisher | : Millbrook Press |
Total Pages | : 91 |
Release | : 2020-10-06 |
ISBN-10 | : 9781728411538 |
ISBN-13 | : 172841153X |
Rating | : 4/5 (38 Downloads) |
Book excerpt: In January 2009, a mysterious software developer, Satoshi Nakamoto, exchanged a specially designed code with another developer. The code was a digital currency that Nakamoto had proposed several months before in a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” This was the first Bitcoin transaction. Since then, Bitcoin has become the face of a tech revolution in digital cryptocurrencies based on blockchain technology. Its success has sparked a tech revolution that could fundamentally change global economics. Author Brendan January delves into the world of coders, libertarians, criminals, financial regulators, and crypto-detectives to understand what digital cryptocurrencies have to offer, their limitations and potential pitfalls, security issues, and how they may affect government and financial regulations in the future.