Bitcoin Digital Money Explained

When I started writing ‘Bitcoin, Digital Money Explained’, I set out with the intention of educating people about Bitcoin, not simply telling people “this is Bitcoin” in a black and white way, but actually explaining why Bitcoin is something everyone should know about and understand.

It is my intention to show that Bitcoin is simply another payment method that can be used to purchase goods and services, the same as Fiat currency, but in a lot of cases easier, quicker and less expensive to use than Fiat currencies. Essentially I hope that people will view Bitcoin, as they currently view the plastic in their wallets or purses, just another option to use when making a payment or sending money.

In ‘Bitcoin, Digital Money Explained’ I start with a very brief introduction to Bitcoin as a digital form of money, and then compare Bitcoin to tradition Fiat currencies. I also cover the more technical points of Bitcoin, such as how transactions work and what the Blockchain is. I have also provided step-by-step guides for downloading and setting up Bitcoin wallets and accounts and then move on to the Practical Points, such as actually Sending and Receiving Bitcoin.

As well as explaining everything about Bitcoin, I introduce readers to Alt-Coins, which are an alternative Digital Currency to Bitcoin. Alt-Coin developers hope to one day over-take Bitcoin in popularity and value, I explain the differences between Bitcoin and Alt-Coins. I also touch upon Alt-Coin and Bitcoin trading which is similar to Foreign Exchange (FX) trading but for Digital Currencies.

I hope that by reading my book you can have a better understanding of Bitcoin as a form of money and that you will share your new found knowledge with your friends and families.