Bitcoin for the Befuddled
Book – 2015 (from the YPRL)
Excellent book for learning about how Bitcoin and other crypto-currencies work. It also covers encryption in detail, a must read for anyone interested in learning how it works. Would be of great interested to anyone into maths.
An important part of the Bitcoin currency is the Blockchain which contains all of the transactions ever made by Bitcoin users. At the time of writing it was over 2GB in size.
There has been some criticism of Bitcoin recently as it won’t scale well to doing monetary transactions for everybody; and it will not have the speed of the centralised system of clearing transactions that the banks use. Currently Bitcoin transactions take a few minutes for each one compared to the millions per second that public banks process.
I can’t see Bitcoin moving beyond those who are curious, have a technical interest or those who wish to buy stuff you can’t buy from normal outlets.