Beginner’s Guide to Cryptocurrency and Blockchain

Read and learn as our very own Chief Cryptographer Scott Lewis walks you through the intricacies of this new digital economy spreading throughout the world while breaking it down for you in its most basic form.

Beginner’s Guide to Cryptocurrency and Blockchain
$4.95

INTRODUCTION……………………………………………………………………………………………………. 4

PURPOSE…………………………………………………………………………………………………………… 4

Gift Card Holders……………………………………………………………………………………………….. 4

REASONS FOR REISSUE……………………………………………………………………………………….. 4

OVERVIEW………………………………………………………………………………………………………… 4

CHAPTER 1: WELCOME TO THE CRYPTOCURRENCY ECONOMY…………………………….. 6

Introduction to Blockchain…………………………………………………………………………………. 6

Examples of Cryptocurrencies…………………………………………………………………………………. 6

What is Bitcoin?………………………………………………………………………………………………… 7

Why should I use Bitcoins?…………………………………………………………………………………… 7

Other Merits and Demerits…………………………………………………………………………………….. 9

CHAPTER 2: BITCOIN BASICS………………………………………………………………………………. 11

Getting Started……………………………………………………………………………………………….. 11

Blockchain………………………………………………………………………………………………………. 11

What exactly is Blockchain?…………………………………………………………………………………. 11

Bitcoin Safeguards…………………………………………………………………………………………….. 13

Bitcoin Regulations…………………………………………………………………………………………… 14

Stakeholders……………………………………………………………………………………………………. 14

Brokers…………………………………………………………………………………………………………… 15

Bitcoin Exchange………………………………………………………………………………………………. 15

Becoming The User…………………………………………………………………………………………….. 15

How to Read the Bitcoin Transaction………………………………………………………………………. 16

Exhibits…………………………………………………………………………………………………………. 16

Consensus mechanisms in Bitcoin………………………………………………………………………….. 16

CHAPTER 3: HOW TO START USING BITCOINS…………………………………………………….. 19

Your Next Step…………………………………………………………………………………………………. 19

Bitcoin Wallets………………………………………………………………………………………………… 19

Where Can I Get a Bitcoin Wallet?…………………………………………………………………………. 20

Best practice for your Public and Private Keys…………………………………………………………….. 21

How to Setup Your Bitcoin Wallet on Your Own……………………………………………………. 22

Generic Bitcoin Wallet……………………………………………………………………………………….. 22

How to fill your Bitcoin wallet………………………………………………………………………….. 23

Methods…………………………………………………………………………………………………………. 24

How to Secure Your Bitcoin Wallet…………………………………………………………………….. 26

How to Spend and Receive Bitcoins………………………………………………………………………. 27

How to Transact using Street-Smart………………………………………………………………………… 27

CHAPTER 4: HOW TO SYNC BITCOINS…………………………………………………………………. 30

Crypto Safety…………………………………………………………………………………………………… 30

Doing your own thing………………………………………………………………………………………… 30

How can We Synchronize Bitcoins?………………………………………………………………………… 30

Windows OS Platform………………………………………………………………………………………… 30

Mac OS platforms……………………………………………………………………………………………… 31

Ubuntu………………………………………………………………………………………………………….. 32

CHAPTER 5: PROFITABILITY OF BITCOIN CRYPTOCURRENCY SYSTEM…………………. 33

Gold Rush………………………………………………………………………………………………………… 33

When to invest?……………………………………………………………………………………………….. 33

What is Bitcoin mining?…………………………………………………………………………………….. 33

What do you need for Bitcoin mining?…………………………………………………………………….. 33

CHAPTER 6: CRYPTOCURRENCY RESOURCE………………………………………………………… 36

Resource List……………………………………………………………………………………………………. 36

Top Eleven Blockchain Companies…………………………………………………………………………. 36

CHAPTER 7: LEARN BITCOIN TRADE LINGO………………………………………………………… 38

Words You Will Encounter………………………………………………………………………………… 38

CONCLUSION……………………………………………………………………………………………………… 39

It is No Secret…………………………………………………………………………………………………… 39

REFERENCES……………………………………………………………………………………………………… 40

List…………………………………………………………………………………………………………………. 40