Bitcoin For Dummies, 2nd Edition
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Bitcoin is an alternative type of payment system that is sometimes mentioned in the media. Is it "Internet" or "digital" money? Is it a way to conduct business outside the mainstream financial infrastructure? Is it a new way of life that could transform multiple aspects of society in the future? The answer is yes.

  • Origins: Bitcoin was created by developer Satoshi Nakamoto in 2008.

  • Purpose: Bitcoin provides a viable decentralized alternative to the current mainstream financial infrastructure.

  • Method: Bitcoin enables spending with full transparency through a publicly available ledger known as the blockchain.

  • Security: A bitcoin transaction involves both a public key, which is generally known to everyone, and a private key known only to the bitcoin user. No coins can be spent without knowing the private key.

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Peter Kent is an e-commerce consultant who specializes in search engine optimization (SEO). He’s also delved into cryptocurrency, including creating the online course Crypto Clear: Bitcoin & Cryptocurrency Made Simple. A former vice president of web solutions at a national internet service provider, and vice president of marketing and SEO expert at Indigio, Kent has been involved in the online world since 1984. He's been writing about the internet since 1993. He’s the author of nearly 60 books, as well as hundreds of articles. Tyler Bain is a professional engineer who specializes in the electrical grid. He is also a Certified Bitcoin Professional who focuses on system resiliency and mining mechanics.

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