In 2008, while the world was busy panicking about the global financial crisis, a computer programmer going by the name of Satoshi Nakamoto posted a message on an out-of-the-way mailing list. ´I´ve been working on a new electronic cash system,´ he said. Nobody seemed to care. ‘It might make sense to get some just in case it catches on,’ he suggested. How right he was. What he had programmed would become the world’s most famous alternative currency – Bitcoin. It would catch the zeitgeist in a way only two people foresaw. A cult of devotees was inspired – economists, anarchists, speculators, computer coders, libertarians, criminals, entrepreneurs. Early adopters would become multi-millionaires. Now the suggestion is that Bitcoin will do to banking and finance what email did to the postal service and what the internet did to publishing: destroy old monopolies, creating new opportunities for the masses. Some even suggest that the technology behind Bitcoin – known as the block chain – will reform our Western systems of democracy, giving us the revolution so many are clamouring for. In this gripping book, Dominic Frisby tells the amazing story of Bitcoin. He solves the mystery surrounding the identity of Bitcoin’s secretive creator. He shows how Bitcoin is going to change the world. And, perhaps most of all, he does something nobody else has hitherto been able to do: he explains in layman’s language how the bally thing works. 1. Language: English. Narrator: Dominic Frisby. Audio sample: http://samples.audible.de/bk/unbd/000004/bk_unbd_000004_sample.mp3. Digital audiobook in aax.
The only guide you need to understand the mechanics behind blockchain technology. This book will help you better understand blockchain, a new computer technology that is changing everything from how financial transactions are made to financial systems themselves. Unlike many other new technologies that emerge on the market, blockchain does not build on pre-existing technology. It actually created an entirely new model for how computer programs can run: in a decentralized, peer-to-peer, open-source manner that is not only virtually impenetrable, but also does not require trusted mediaries to authorize transactions. Blockchain´s origins go back to the early 1990s, the time when the Internet was beginning to become more accessible to the public. The full concept was laid out in 2008 with Satoshi Nakamoto´s white paper on his proposed cryptocurrency, Bitcoin. He developed the blockchain concept into a fully operational program that provides the best security features in all of cyber security. Some programmers saw that blockchain could be used for programs other than Bitcoin. They went on to develop powerful networks such as Ethereum and Blockstack, while other programmers began to experiment with other practical applications that blockchain had. The potential of blockchain is enormous. It enables highly secure transactions that cannot be tampered with. One feature of blockchain, the smart contract, even ensures that all parties involved in a contract carry out their prescribed duties - without the need for any trusted third party or middleman! Thus, there is no need for haggling, disputing claims, or going back and forth on each party´s responsibility.... 1. Language: English. Narrator: Dominic Carlos. Audio sample: http://samples.audible.de/bk/acx0/092704/bk_acx0_092704_sample.mp3. Digital audiobook in aax.