Bitcoin and Cryptocurrency Technologies: What Is Blockchain Technology And How Does It Work? ( Guide for Beginners) - Kindle edition by Young, Barclay. A list of the best-selling cryptocurrency technology ebooks of all time, Because Amazon has included "The Crypto-Millionaire Handbook" in their Kindle. Bitcoin and Cryptocurrency Technologies provides a comprehensive introduction to the revolutionary yet often misunderstood new technologies of digital currency. CRYPTOCURRENCY FORUM LIST
Those are the three main reasons why people fall in love with this technology. I think the fact that it is so multidisciplinary is actually more of a challenge for people than what gets them into it. Can you tell me what the book is about and why you chose it? This book is by two journalists; one was formerly at the Wall Street Journal , the other still works there.
Their prior book, The Age of Cryptocurrency , was much more focused on Bitcoin and cryptocurrencies as payment technologies. They explain the possibilities of blockchain and hone in on the broader potential—this idea of a truth machine. They often write, in the book, about using blockchain to cut out the middleman, not only traditional ones like banks, but also Uber and the new technology giants. Is that central to blockchain for you as well?
So all the funds are locked irretrievably. But it seems strange that this technology—which gets rid of having to trust anyone—results in a situation where you have to trust someone more than you ever would in a case with a bank. Intermediaries do add value: they remove friction; they promote trust. People still want that, even if the traditional ones are removed. Blockchain is being used to help feed people in refugee camps and allow voting in Estonian elections.
There are a number of examples currently in production. There are real systems using real money, but they are almost without exception fairly small. Then, there are a number of examples which are wildly interesting, but currently at a very, very preliminary stage. The Vigna and Casey book goes through a number of relatively well-established examples. Many of them crop up in my book as well. The challenge is that the examples we know the best are the ones that have gotten the most publicity and awareness.
The examples they point to are good ones: the Syrian refugee camp in Jordan is really interesting and promising, as is the food safety one that Walmart has been conducting with IBM. A company like Walmart has a network of thousands upon thousands of firms that supply them all around the world. The scenario is that some people buy a food product at the store and get ill.
We had an incident here in the United States recently, where there was E. Even a big company like Walmart has this challenge. Walmart estimated it would take them six and a half days to track back to the individual farm that had grown a particular food item on their shelves. The blockchain system creates one shared ledger. So the six and a half days became about two and a half seconds. It was just a matter of doing a query on one system.
So that, to me, starkly illuminates the potential benefit of this technology. How much privacy and secrecy you maintain depends upon the structure. So in the case of an open, public blockchain like Bitcoin, all transactions are public. We can say we want to stop; we can log off. But, fundamentally, we are not the ones in control of the data, whereas on a blockchain, the end user—the one who actually provides the data—maintains full control.
Tell me about book number three on your list of blockchain books, Radical Technologies , which seems to be about the ethical and broader implications of this technology. Adam Greenfield is a brilliant guy who has spent most of his time in industry working for companies like Nokia and actually designing systems. This book discusses the politics embedded in these technologies. But it can also be used as a technology of control.
Yes, the environmental issue, but also the consolidation of it. These miners are deliberate, intentionally self-motivated entities. As with most of these books, I recommended it not because I agree with it per cent, but because for those of us excited about the potential of blockchain, nothing is more important than engaging very seriously with the criticisms.
We need very thoughtful responses to skepticism. Do you understand money? If you actually want to understand how it works, it is explainable and the Antony Lewis book goes through these mechanisms of proof of work and so forth. What Greenfield points out very well is that the discourse within the cryptocurrency community tends to be really esoteric for the general public. As I was reading these blockchain books and preparing to speak to you, I was wondering whether I should buy some bitcoin.
Is there anything practical you can do online to get a greater understanding of how it all functions? You just need to read things, but it can be helpful: I taught a class on blockchain last semester, and we did give all of our students some money to buy Bitcoin or another cryptocurrency. Then we gave them a set of assignments to do various things with it. Five Books interviews are expensive to produce. If you're enjoying this interview, please support us by donating a small amount.
And today, there are very few things that ordinary people need to do or want to do which require cryptocurrency. So number four on your list is the Attack of the foot Blockchain , which is quite funny. People have already lost a lot of money based on various problems with these systems. Is that a big issue? Yes, it is a big issue. Especially in , when the price of all these cryptocurrencies went into the stratosphere, we saw lots and lots of examples of fraud and illegal activities.
You can solve some pieces of it, but nature abhors a vacuum and people will find other ways to attack. It comes up in your blockchain book and some of the others, the case of the DAO. It was almost certainly not the actual person that stole it who wrote that, but that statement was an incredibly clever piece of performance art. The DAO is pretty much the touchstone for anyone talking about the potential and the risks of blockchain technology, because it puts all the pieces together.
Then it blew up, which was tremendously scary, and the way the system was designed, no one could get the money back, except via a very confused process. The Ethereum leadership and the underlying blockchain community eventually agreed to fork the whole network. The general sense I got from the books is that it started with Bitcoin. Then there was Ethereum. Now people are just excited about the general applications of blockchain.
There have been periods when there was more excitement about the cryptocurrencies themselves, the things that can be used as money, and periods when there was more excitement about the non-financial applications, like Walmart using blockchain for its supply chain. But yes, there was an initial period where it was basically just Bitcoin and some derivatives of Bitcoin. Then things broadened out, with Ethereum being the starting gun for that process. So what made you decide to write your book?
Was there a gap in the blockchain book market you were looking to fill? It was a year and a half ago now that I wrote my book. There was basically a community saying that blockchain makes law irrelevant, because we can do—through encryption and cryptography and software code—what law has done badly in the past. As I said before, I really think we in the legal and policy community can learn a lot about other things from studying what is happening in the blockchain world.
All Categories. Recent Books. Miscellaneous Books. Computer Languages. Computer Science. Electrical Engineering. Linux and Unix. Microsoft and. Mobile Computing. Networking and Communications. Software Engineering. Special Topics. Web Programming. Other Categories.
Bitcoin and cryptocurrency technologies kindle has all cryptocurrency lost valueHow Cryptocurrency ACTUALLY works.
Следующая статья bitcoins wallet wiki