Cypherpunk Revolution
A Bitcoin and Blockchain Primer
Join the revolution!
Bitcoin and Blockchain are not just some new technologies, they are the foundation for a technical and social revolution that is taking the world by storm.
Learn fast
Your time is precious. You can read this primer in one sitting and come away with a solid understanding and grasp of the facts.
Understand the technology
Many people only look at Bitcoin as a get rich quick scheme. Understand the actual innovation that is Blockchain.
Get the back story
Bitcoin wasn’t born in a vacuum. Understand the history behind the worlds first digital currency.
Predict the future
Bitcoin was only the beginning. We have come so much further. Learn exactly where we are now and where we are going.
Bitcoin may be the TCP/IP of money.
You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.
Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.
Bitcoin will do to banks what email did to the postal industry.
Bitcoin and Blockchain How it works
Bitcoin is the worlds first digital money and the official currency of the Internet. Everyone is free to use it and no one can stop it.
With Bitcoin, you can send any amount of money to anyone in the world as easily as ending an email. In a single sitting you can come to understand how this technology works and become a participant in the revolution.
About the authorJustice Gödel Conder
Justice Conder is a certified Blockchain expert and crypto evangelist. He enjoys building dynamic development teams that build proof-of-concept applications with bleeding edge technologies for both startups and enterprise IT organizations. He’s founded and sold multiple startups and loves reading and writing on technology. His writings have been featured on ZDNet, Daring Fireball, 2600 Quarterly, and Coinspeaker. You can learn more about him at justiceconder.com
FAQThis primer will address the following and other related topics
Bitcoin is P2P
It is disintermediated. This means its uncontrollable and fault tolerant.
Bitcoin is digital
Bitcoin is as flexible as any digital media. You can send and receive it from any computer.
Bitcoin is scarce
Unlike all other digital media, you can not arbitrarily reproduce Bitcoin.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. ... Most popular altcoins use the same fundamental building blocks as Bitcoin.
There are three ways to get Bitcoin or any cryptocurrency. You can create a wallet and someone can send you some. You can create an account on a currency exchange and trade another currency like USD for it, or you can use a very powerful computer to contribute to the mining of the Blockchain and be rewarded Bitcoin for your efforts.
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.
Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman.
I believe the most important developments in cryptocurrency are going to have to do with the following: Stable coins, security tokens, chain interoperability, and incremental scaling improvements to Ethereum.