Bitcoin For Dummies
How To Master Bitcoin - Lesson, Test, and Test Answer Key
by Eric Louis Bernard Meyers, Sr.
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About the Book
Unlike services like Venmo and PayPal, which rely on the traditional financial system for permission to transfer money and on existing debit/credit accounts, bitcoin is decentralized: any two people, anywhere in the world, can send bitcoin to each other without the involvement of a bank, government, or other institution.
Every transaction involving Bitcoin is tracked on the blockchain, which is similar to a bank’s ledger, or log of customers’ funds going in and out of the bank. In simple terms, it’s a record of every transaction ever made using bitcoin.
Unlike a bank’s ledger, the Bitcoin blockchain is distributed across the entire network. No company, country, or third party is in control of it; and anyone can become part of that network.
There will only ever be 21 million bitcoin. This is digital money that cannot be inflated or manipulated in any way.
It isn’t necessary to buy an entire bitcoin: you can buy just a fraction of one if that’s all you want or need."
Features & Details
- Primary Category: Business & Economics
- Additional Categories Computers & Internet
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Project Option: US Letter, 8.5×11 in, 22×28 cm
# of Pages: 36 - Publish Date: Feb 09, 2022
- Language English
- Keywords Cryptocurrency, Bitcoin
About the Creator
BrainBanger, INC.BrainBanger, INC. 8 yrs 2 mos8 yrs 2 mos Science Writing Specialist Self-employed Apr 2014 - Present · 7 yrs 11 mos U.S. E-mail: ericmeyers02@gmail.com The BrainBanger Store at Teachers Pay Teachers, and OWNED by Eric Meyers, is an on-line go-to place for educators to find the S.T.E.M. (Science Technology, Engineering, Mathematics) science resources, knowledge, and inspiration for science teachers to teach their best. Our Science Writing Specialist, who understands what works best in the science classroom, creates free and paid science resources . The BrainBanger Store is constantly expanding our marketplace to meet the evolving needs in science classrooms from 4th-grade through 12th-grade, through Adult Education and Home School. We believe that when science educators get the S.T.E.M. science resources they need, they’re best equipped to inspire our next generation of learners.