Bitcoin Blockchain: A compact introduction into the blockchain of Bitcoin

This eBook explains how the Bitcoin hype began and what role it’s mysterious author Satoshi Nakamoto played when he introduced the first blockchain currency in 2008.  

This book shows why blockchains are widely adopted by industry nowadays and what the specific characteristics of blockchains and digital currencies are.

Read how Bitcoin miners are solving prove-of-work schemes to mine for digital coins and how a digital currency controls its own inflation algorithmically.

Bitcoin uses elliptic curve cryptography within its prove-of-work scheme to control the speed of currency distribution and therefore how quick new Bitcoins are mined by the community.

Bitcoin is considered as a secure by design distributed ledger that can be understood as a reference implementation of modern blockchain algorithms.

Bitcoin not only has attracted a wide public interest but also gain a lot of attention from large companies who plan to use custom blockchains within their own business models.

Cryptocurrencies and custom blockchains will lead to a new definition of ownership and digital assets that is entirely defined by mathematic algorithms, especially cryptography.

Designing cryptographic digital currencies and distributed ledgers such as Bitcoin definitely will change the way we are dealing with money, trust and contracts in the near future. The revolution of blockchain technology just has begun!