What is cryptocurrency?
A cryptocurrency, or crypto is a digital currency which is new in the emerging market, with unpredictable prices and high volatility due to its small size. For example: Bitcoin, Ethereum and Dogecoin . It is monitored and organized by a peer-to-peer computer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. Unlike physical money, cryptocurrencies are decentralized, which means they are not issued by governments or other financial institutions.
These are the five best books for cryptocurrency enthusiasts, which provide diverse perspectives and in-depth knowledge, ranging from foundational concepts to advanced trading strategies
- Mastering Bitcoin: Unlocking Digital Cryptocurrencies
- Blockchain Revolution
- Digital Gold
- The Internet of Money
- Cryptocurrency Investing Bible
1. “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos:
This is the best and primary resource for learning how bitcoin works .Even though it’s aimed towards programmers, they provide plenty of analogies and examples to break it down so that you don’t get lost.
Bitcoin, the first successful decentralized digital currency, is still in its infancy and it’s already spawned a multi-billion dollar global economy. This economy is open to anyone with the knowledge and passion to participate. Mastering Bitcoin provides you with the knowledge you need .
This book includes:
- A broad introduction to bitcoin—ideal for non-technical users, investors, and business executives
- An explanation of the technical foundations of bitcoin and cryptographic currencies for developers, engineers, and software and systems architects
- Details of the bitcoin decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles
- Offshoots of the bitcoin and blockchain inventions, including alternative chains, currencies, and applications
- User stories, analogies, examples, and code snippets illustrating key technical concepts.
2. “Blockchain Revolution” by Don Tapscott and Alex Tapscott
The first book to explain why blockchain technology will fundamentally change our lives.
Block chain is the ingeniously simple technology that powers Bitcoin. But it is much more than that, too. It is a public ledger to which everyone has access, but which no single person controls. It allows for companies and individuals to collaborate with an unprecedented degree of trust and transparency. It is cryptographically secure, but fundamentally open. And soon it will be everywhere.
In Block chain Revolution, Don and Alex Tapscott reveal how this game-changing technology will shape the future of the world economy, dramatically improving everything from healthcare records to online voting and from insurance claims to artist royalty payments. Brilliantly researched and highly accessible, this is the essential text on the next major paradigm shift.
Don Tapscott is one of the most influential living theorists about business and society. He is the bestselling author of’ Wikinomics’, The Digital Economy and a dozen other acclaimed books about technology, business and society.
3. “Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money” by Nathaniel Popper
Digital Gold is New York Times reporter Nathaniel Popper’s brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement. The book clearly explained the evolution of Bitcoin and people involved in it.
Story starts with a mysterious person named Satoshi Nakamoto publishing papers on digital currency on internet and cyber punks taking interest in it which ultimately leads to creation of the digital currency Bitcoin .Nathaniel Popper charts Bitcoin’s fascinating transformation from fringe oddity to a truly global currency.
4.”The internet of Money”, by Andreas Antonopoulos
This book gives an introduction to Bitcoin and the potential it holds for next revolution (comparable to internet). An absolutely brilliant collection of talks relating to decentralized blockchains and bitcoin from the person who has done more research than anyone else. .Series of talks given by Andreas are quite engaging and easy to understand even for non-techie.
Bitcoin, a technological breakthrough quietly introduced to the world in 2008, is transforming much more than finance. Bitcoin is disrupting antiquated industries to bring financial independence to billions worldwide. In this book, Andreas explains why bitcoin is a financial and technological evolution with potential far exceeding the label “digital currency.”
Andreas goes beyond exploring the technical functioning of the bitcoin network by illuminating bitcoin’s philosophical, social, and historical implications. As the internet has essentially transformed how people around the world interact and has permanently impacted our lives in ways we never could have imagined, bitcoin–the internet of money–is fundamentally changing our approach to solving social, political, and economic problems through decentralized technology.
5. Cryptocurrency Investing Bible by Alan T Norman
This book focus more on how Block Chain works and the author’s investment strategies .This book is quite advanced and unparallel to other “Bitcoin” books. . “Investing Bible” is more targeted for people who wanted to build a highly scalable and profitable business by advising and trading cryptocurrencies for average Joe who prefers hands-off approach.
The author lays down a sophisticated and intelligent system that allows trader quickly identify lucrative entry and exit points for most popular currencies such as Bitcoin, Litecoin and even Ethereum. Also, the book covers most popular trading patterns that sustain the test of time and long-term profitability combined with relatively low risk and volatility.
Conclusion
These books offer a range of perspectives on cryptocurrencies, from technical explanations to economic analyses and historical narratives, allowing readers to gain a comprehensive understanding of the subject. Depending on your interests and expertise level, you may find one or more of these books particularly informative and valuable.