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Learning Bitcoin

You're reading from Learning Bitcoin Embrace the new world of fiance by leveraging the power of crypto-currencies using Bitcoin and the Blockchain

Product type Paperback

Published in Oct 2015

Publisher

ISBN-13 9781785287305

Length 236 pages

Edition 1st Edition

Tools

Bitcoin

Concepts

Cryptocurrency

Author (1):

Caetano

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Table of Contents (16) Chapters

Learning Bitcoin

Credits

About the Author

Acknowledgments

About the Reviewers

www.PacktPub.com

Preface

1. Setting up a Wallet FREE CHAPTER

2. Buying and Selling Bitcoins

3. Protecting Your Bitcoins

4. Understanding the Blockchain

5. Installing a Bitcoin Node

6. Understanding the Mining Process

7. Programming Bitcoin

8. Exploring Alternative Coins

Index

Chapter 8. Exploring Alternative Coins

	"Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance."
	--Orlin Grabbe, Economist, Prolific Writer

Bitcoin's success has led to the experimentation and adaptation of its underlying protocols and mechanisms. Since its release, there have been over five hundred alternative coins launched. Each coin assumes the liberty to borrow from and modify Bitcoin to implement its own variations on the original design.

In this chapter, we'll look at four innovative alternate coins (Litecoin, Namecoin, Peercoin, and Primecoin) to see how they have leveraged the blockchain technology to implement various concepts and systems in a decentralized way.

We'll see how the alternative coins can be used to store and validate arbitrary pieces of information such as domain names, public records, and digital assets. By simply changing the parameters of the blockchain, it can be used to arrange...

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Authors (1)

Caetano

Caetano

Richard Caetano is an entrepreneur and software developer living in Paris, France, and was originally raised on a dairy farm in the middle of California. He discovered a strong interest in software development at an early age. Over the years, he has designed and developed systems ranging from agriculture process automation and government accounting to high-tech security, digital music, and mobile video games. In 2011, Richard found the Bitcoin whitepaper and experienced a paradigm shift. After realizing the potential of this new technology, he changed course, and since then has been evangelizing this powerful new technology to the world. He launched an early application called btcReport, which leverages good design to bring news and information to those interested in Bitcoin. Since then, he has been speaking at conferences and meetings to help spread the word about Bitcoin. In 2015, he launched Stratumn, a company focused on helping developers build transparent, easy-to-audit, and secure applications by using the blockchain, the technology that powers the Bitcoin currency.

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