Bitcoin Books to Educate You about the Future of the Digital Currency

Ever since Bitcoin came to existence a number of authors have tried to understand and get others to understand the digital currency through their Bitcoin books. Bitcoin, a virtual currency, doesn't exist in the kind of physical form that the currency and coin the people are used to exist in. Also, Bitcoin doesn't even exist in a form as physical as Monopoly money. 

Thus, it is quite difficult for a common man to understand what actually Bitcoin is and what their great implications for the financial technology are. However, reading various Bitcoin books you will be able to know and understand the whole ecosystem. The digital currency is transforming the way money has been perceived so far by human beings. 

Bitcoin are Virtual Currency that is Transforming the Financial Technology World 

For instance, it is well known that it is difficult for any person to handle a lot of cash personally and that has given the space for plastic money and credit cards where you transact without actually paying in cash. Similarly, you get a paycheck that you take to the bank or it is auto-deposited without you even seeing the paper that it's not printed on.

You hardly see the cash; rather, use a debit card to access those funds. At best, you see 10% of it in a cash form in your pocket or in your pocketbook. So, it turns out that 90% of the funds that you manage are virtual - electrons in a spreadsheet or database. Almost same principle or feature is available with Bitcoin, it is virtual currency. 

How Bitcoin Book Help You through Bitcoin Ecosystem 

Bitcoin books guide you and let you know that creation of Bitcoin is as different from bank funds' creation as cash is from electrons. They teach you that Bitcoin is not controlled by a government's central bank, but by consensus of its users and nodes. Additionally, it is not created by a limited mint in a building, but by distributed open source software and computing. 

Nonetheless, Bitcoin requires a form of actual work for creation. When the first Bitcoins were in a block of 50 (the "Genesis Block") created by Satoshi Nakamoto in January 2009, they did not really have any value at first. It was just a cryptographer's plaything based on a paper published two months earlier by Nakamoto.