Review of Bitcoin Answered
-
Luwi Nyakansaila
- Posts: 30
- Joined: 01 May 2021, 20:59
- Currently Reading:
- Bookshelf Size: 29
- Reviewer Page: onlinebookclub.org/reviews/by-luwi-nyakansaila.html
- Latest Review: Yesterday by Samyann
Review of Bitcoin Answered
[Following is a volunteer review of "Bitcoin Answered" by Jon Law.]
Bitcoin Answered by Jon Law is a basic guide to all things Bitcoin. What is Bitcoin? Where did Bitcoin come from? How does it work? Should you invest in Bitcoin? All these questions and more are answered in this book. Bitcoin is the first and is one of the most stable cryptocurrencies in the world. It is a decentralized digital currency. Satoshi Nakamoto is the creator of Bitcoin. He is an anonymous person, and this makes Bitcoin even more fascinating. Bitcoin uses blockchain technology to operate. These are interconnected networks of stored data. There are 21 million bitcoins in existence and 18.7 million in circulation. The book explains the different types of wallets used to store bitcoin. Mining bitcoin is the process of confirming new transactions to the Bitcoin digital currency, thereby adding new bitcoins into circulation. The factors that affect bitcoin mining are hardware, electricity, hash rate, halving, and the price of the cryptocurrency. The book explains the different types of trading graphs associated with bitcoin and how to read them. There is more information about the security of bitcoin. Is bitcoin a scam? Can you hack Bitcoin? And what are bitcoin ledgers? All these questions and more are answered in this book.
This book can be read as an educational book. It is easy to follow and understand. I loved the summaries found at different intervals in the book. They help refresh the readers' memory of topics that have been discussed. The graphics helped simplify technical terms in the book. The pictures added some humor and made the book easier to read. The book is in a question-and-answer format. Which I found to be unique and interesting. The questions answered in this book are exactly what I needed as an intrigued reader. The author has definitely done his research and knows what he is talking about. This is easy to notice in the way he systematically presents the information in this book.
Although the book was technical, which should have made it boring. The author managed to add some humor which made it exciting to follow. I cannot say anything negative about this book. The writing was good, and the information was relevant.
This book is a well written and edited. It does not contain any profanity or violence. There are no grammar or spelling errors. The book does not contain any sexual content. It is written like an academic book and provides the information required on Bitcoin. Therefore, I give this book a 4 out of 4 stars rating.
I would suggest this book to people that are interested in Bitcoin. Seeing that this is a beginners' guide, I would also recommend it to people that want to start trading cryptocurrencies. This will help them make the right trading decisions. I would also recommend this book to people that are curious about bitcoin like I was.
******
Bitcoin Answered
View: on Bookshelves | on Amazon
Bitcoin Answered by Jon Law is a basic guide to all things Bitcoin. What is Bitcoin? Where did Bitcoin come from? How does it work? Should you invest in Bitcoin? All these questions and more are answered in this book. Bitcoin is the first and is one of the most stable cryptocurrencies in the world. It is a decentralized digital currency. Satoshi Nakamoto is the creator of Bitcoin. He is an anonymous person, and this makes Bitcoin even more fascinating. Bitcoin uses blockchain technology to operate. These are interconnected networks of stored data. There are 21 million bitcoins in existence and 18.7 million in circulation. The book explains the different types of wallets used to store bitcoin. Mining bitcoin is the process of confirming new transactions to the Bitcoin digital currency, thereby adding new bitcoins into circulation. The factors that affect bitcoin mining are hardware, electricity, hash rate, halving, and the price of the cryptocurrency. The book explains the different types of trading graphs associated with bitcoin and how to read them. There is more information about the security of bitcoin. Is bitcoin a scam? Can you hack Bitcoin? And what are bitcoin ledgers? All these questions and more are answered in this book.
This book can be read as an educational book. It is easy to follow and understand. I loved the summaries found at different intervals in the book. They help refresh the readers' memory of topics that have been discussed. The graphics helped simplify technical terms in the book. The pictures added some humor and made the book easier to read. The book is in a question-and-answer format. Which I found to be unique and interesting. The questions answered in this book are exactly what I needed as an intrigued reader. The author has definitely done his research and knows what he is talking about. This is easy to notice in the way he systematically presents the information in this book.
Although the book was technical, which should have made it boring. The author managed to add some humor which made it exciting to follow. I cannot say anything negative about this book. The writing was good, and the information was relevant.
This book is a well written and edited. It does not contain any profanity or violence. There are no grammar or spelling errors. The book does not contain any sexual content. It is written like an academic book and provides the information required on Bitcoin. Therefore, I give this book a 4 out of 4 stars rating.
I would suggest this book to people that are interested in Bitcoin. Seeing that this is a beginners' guide, I would also recommend it to people that want to start trading cryptocurrencies. This will help them make the right trading decisions. I would also recommend this book to people that are curious about bitcoin like I was.
******
Bitcoin Answered
View: on Bookshelves | on Amazon
Latest Review: Yesterday by Samyann
