How to Understand Bitcoin
E-book, Czech
179,-
Code:
EK36772
How to Understand Bitcoin
179,-
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How to Understand Bitcoin
Bitcoin is enjoying huge popularity and its adoption is growing worldwide. The consequences of government decisions around the world related to the Covid-19 pandemic are leading to the printing of new money and thus devaluing existing assets. Financial institutions, companies and individuals are therefore looking for a safe haven to protect their funds against expected inflation. Before investing in Bitcoin, however, it is important to understand its essence and not just speculate on the growth it is currently experiencing.
Bitcoin is based on a technology called the "blockchain". This is a chain of interconnected blocks containing Bitcoin transactions. Thanks to the blockchain, it is possible to make payments between parties without the need for a traditional financial system, because all transactions are publicly stored on tens of thousands of computers at the same time and are thus protected against hackers.
The future belongs to those who adapt the quickest. Today, Bitcoin is still only used by about 100 million people, which is about 1.3% of the world's population. Because there is a limited amount of it (21 million), which cannot be increased in any way (not even by a hacker attack, thanks to blockchain technology), it is assumed that it will become increasingly valuable as interest grows. More and more people believe that gold was the best store of value for 5,000 years, until computers and the Internet were invented. Thanks to them, since 2009 there has been a digital store of value that is scarce, portable, independent and secure. Bitcoin is changing the perception of money and storing value. This book will tell you how to understand this historic change and use it to your advantage.
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