Bitcoin for Nonmathematicians

Download or read book Bitcoin for Nonmathematicians written by Slava Gomzin and published by Universal-Publishers. This book was released on 2016-03-01 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's thoughtless to start using something you don't trust. It's difficult to start trusting something you don't understand. Bitcoin for Nonmathematicians contains answers to the following questions: how bitcoin is different from other payment systems, and why we can trust cryptocurrencies. The book compares bitcoin with its predecessors and competitors, and demonstrates the benefits of cryptocurrency over any other existing methods of payments. Bitcoin for Nonmathematicians starts from overview of the evolution of payment systems from gold and paper money to payment cards to cryptocurrencies, and ends up with explaining the fundamentals of security and privacy of crypto payments by explaining the details of cryptography behind bitcoin in layman's terms.