Understanding Bitcoin: Cryptography, Engineering and Economics

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John Wiley & Sons, Oct 27, 2014 - Business & Economics - 288 pages
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Discover Bitcoin, the cryptocurrency that has the finance worldbuzzing

Bitcoin is arguably one of the biggest developments in financesince the advent of fiat currency. With UnderstandingBitcoin, expert author Pedro Franco provides financeprofessionals with a complete technical guide and resource to thecryptography, engineering and economic development of Bitcoin andother cryptocurrencies. This comprehensive, yet accessible workfully explores the supporting economic realities and technologicaladvances of Bitcoin, and presents positive and negative argumentsfrom various economic schools regarding its continuedviability.

This authoritative text provides a step-by-step description ofhow Bitcoin works, starting with public key cryptography and movingon to explain transaction processing, the blockchain and miningtechnologies. This vital resource reviews Bitcoin from the broaderperspective of digital currencies and explores historical attemptsat cryptographic currencies. Bitcoin is, after all, not just adigital currency; it's a modern approach to the secure transfer ofvalue using cryptography. This book is a detailed guide to what itis, how it works, and how it just may jumpstart a change in the waydigital value changes hands.

  • Understand how Bitcoin works, and the technology behind it
  • Delve into the economics of Bitcoin, and its impact on thefinancial industry
  • Discover alt-coins and other available cryptocurrencies
  • Explore the ideas behind Bitcoin 2.0 technologies
  • Learn transaction protocols, micropayment channels, atomiccross-chain trading, and more

Bitcoin challenges the basic assumption under which the currentfinancial system rests: that currencies are issued by centralgovernments, and their supply is managed by central banks. To fullyunderstand this revolutionary technology, UnderstandingBitcoin is a uniquely complete, reader-friendly guide.

 

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Contents

CHAPTER 7
95
CHAPTER 8
123
CHAPTER 9
143
THE CRYPTOCURRENCIES LANDSCAPE
159
CHAPTER 11
171
CHAPTER 12
183
CHAPTER 13
209
CHAPTER 14
231
About the Author
xi
Prologue
xvii
CHAPTER
3
CHAPTER
11
CHAPTER 3
21
CHAPTER 4
39
CHAPTER 5
51
CHAPTER 6
77

Bibliography
247
Index
259

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About the author (2014)

PEDRO FRANCO holds an MSc in Electrical Engineering from ICAI, a BSc in Economics and an MBA from INSEAD. He has been a consultant with McKinsey and Boston Consulting Group, as well as a researcher with IIT, prior to gaining more than 10 years of experience in financial markets, holding Quant and Trading positions in Credit, Counterparty Risk, Inflation and Interest Rates. He has created various mathematical libraries for financial derivatives, and managed teams of software developers. He can be contacted at pfrancobtc@gmail.com.

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