If the current wave of cryptocurrency trends has you a bit confused, this ebook will help you get up to speed on the various aspects of the technology.
From the ebook:
Digital, decentralized currencies known as cryptocurrency are all the rage right now, but let’s be honest: Unless you’re well-versed in the intricacies of how they work, it’s hard to wrap your head around them.
Making good investments requires expert knowledge, and cryptocurrency is even more complicated than the average financial market. Anyone hoping to make money in the crypto game, or to even start getting involved in cryptocurrency, needs to read up. Here’s a list of definitions that will help you understand the basics about cryptocurrency.
Altcoin: When people think cryptocurrency, Bitcoin is usually the first thing that comes to mind—and with good reason: It’s the first and by far the most valuable of available cryptocurrencies. Altcoins are any form of cryptocurrency that isn’t Bitcoin.
ASIC: Application-specific integrated circuits (ASICs) are chipsets built to perform a specific task. Many ASICs are created to mine cryptocurrency and offer a huge improvement in power consumption and speed over graphics processing units (GPUs) that have been the most common hardware to date.
Bitcoin: Bitcoin is the original form of cryptocurrency. It was developed by a programmer or a group of programmers going by the name Satoshi Nakamoto. Bitcoin is a decentralized cryptocurrency that relies on the blockchain to distribute its ledger and record proof of work.
Bitcoin Cash: This cryptocurrency is a hard fork of Bitcoin that was created to decrease fees associated with Bitcoin transactions by increasing block size. It’s also designed to be more spendable than Bitcoin.