Best Books on Cryptocurrency: Cryptocurrency and decentralised finance have recently gained enough popularity to enter into typical household conversations. Here we have compiled a comprehensive list of the nine best cryptocurrency books. Read them to become a self-taught blockchain expert and better understand decentralized finance. These books will give you an excellent overview of the current state and future of the blockchain. Also, an educational foundation before investing in crypto. First, know about cryptocurrency.
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that is meant to be a medium of exchange. These are not backed by the government, which means they do not have the same protection as money in a bank account.
- There is a limit to how many units can exit, but after certain conditions are met, it allows new units to be added.
- It easily verifies the transfer of funds.
- Operating independently of a bank
- There is no transaction cost, and we can access the money 24*7.
- There are no restrictions on purchases and withdrawals, and anyone is free to use them.
- International transactions are faster.
Cryptography is a method of encryption and decryption to secure communication in the presence of third parties. It requires a computational algorithm, a public key that is shared with everyone, and a private key that acts as a digital signature. Scroll down to read about the two major cryptocurrencies.
There are two major cryptocurrencies:
Bitcoin: It is a form of digital currency like money for real-world transactions, and it is decentralised without a central bank. It uses Blockchain to perform the transactions. Transactions are done manually. The transaction time is a bit slower up to 10 minutes, which is used for transactions involving things like goods and services.
Blockchain: It is a public list of records that shows when someone transacts with cryptocurrency. The information includes the senders and recipients' wallets.
Ether: It is a currency accepted in the Ethereum network and is used to power the Ethereum network and power real-life transactions. It works on blockchain technology to create an open-source platform to build and deploy decentralised applications and also create a ledger that triggers when a condition is met. Transactions are done manually or automatically. Transaction time is a bit faster up to 20 sec.
List of the 9 best books on cryptocurrency for beginners.
1. THE BASICS OF BITCOIN AND BLOCKCHAIN
This book consists of an introduction to cryptocurrency and the technology that powers it, such as cryptography, crypto trading, digital assets, and NFT. It provides us with a compressive overview of the fundamentals and the mechanics to clearly understand Bitcoin and blockchain in depth.
Antony Lewis- He was inspired by a Bitcoin conference in 2013 and left a conventional banking career to join a startup called itBit. It is the first venture capital-funded company in the cryptocurrency space.
2. BLOCKCHAIN REVOLUTION: How The Technology Behind BITCOIN and Other CRYPTOCURRENCIES is Changing The World.
This is the first foundation book on blockchain technology; it shows how the internet provides the first global platform for mass collaboration and powers the digital currency Bitcoin.
Through this book, we are able to understand how blockchain technology facilitates transactions without any bank or government body, and it also keeps a permanent record of all transactions. This book is so famous that it has been translated into 15 languages.
Don Tapscott: He is the CEO of the Tapscott Group and the bestselling author of Wikinomics.
Alex Tapscott: He is a globally recognised writer, investor, and advisor focused on the impact of emerging technologies such as blockchain and cryptocurrencies on business, society, and government.
3. MASTERING ETHEREUM: Building smart Contracts and DAPPS.
This book represents the gateway to a worldwide, decentralised computing paradigm. This platform enables you to run decentralised applications (apps) and smart contracts with no central points of failure or control, integrate with a payment network, and operate on a blockchain.
Andreas M. Antonopoulos: He is a critically acclaimed author, speaker, educator, and one of the world’s foremost Bitcoin and open blockchain experts. He makes complex topics accessible so that we can understand them easily. He delivers electric talks that combine economics, technology, psychology, and the theory of games with current events, personal anecdotes, and historical models. Transliterate the complex issues of blockchain technology from the abstract into the real world.
4. MASTERING BITCOIN: Programming the Open Block Chain
It provides a broad introduction to Bitcoin and is an underlying blockchain ideal for non-technical users, investors, and business executives. It also explains the technical substructure of Bitcoin and cryptographic currencies to the developers, engineers, and systems architects.
Bitcoin details the decentralised network, peer-to-peer architecture, transaction lifecycle, and security principles.
New developments such as Segregated Witness, Payment Channels and Lightning Network.
Further, a deep analysis of blockchain applications includes how we can combine the building blocks offered by this plan of action into higher-level applications. The author of the book is Andreas M. Antonopoulos.
5. THE CRYPTOPIANS: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze
The book is about idealists, technologists, and opportunists fighting to bring cryptocurrency to the masses. This book is the pinnacle of more than three years of reporting and writing. It has more than two hundred interviews, including all eight of the Ethereum cofounders, etc.
In this, it is also explained that in a short span of time, Bitcoin and other cryptocurrencies have gone through booms, busts, and internecine wars. Currently, it has reached a market valuation of more than $2 trillion. The promises of crypto endure vast fortunes that were made from decentralised networks not controlled by any single entity and also not yet regulated by various governments.
This mesmerising book shows the crypto market for what it really is and focuses on a deeply personal struggle to influence the coming revolution in money, culture, and power.
Laura Shin: She is a writer, crypto journalist, and podcaster. She was also a former senior editor at Forbes. In 2018, she left the magazine to devote time to her podcasts and videos, Unchained and Unconfirmed. On cryptocurrency, she has spoken and led discussions at places including TEDx San Francisco, the IMF, Singularity University, and the Oslo Freedom Forum.
6. THE BITCOIN STANDARD: The Decentralized Alternative to Central Banking
The book is a comprehensive and authoritative exploration of Bitcoin and its place in monetary history. With the invention of Bitcoin in the digital age, problems arise and it becomes as difficult to solve as human society issues involving transferring value across time and space. In this, we learn about the technologies performing the functions of money, from primitive systems of trading limestone and seashells to metals, the gold standard, coins, and modern government debt.
It actually tells us about the exploration of these technologies, their monetary role, and how most lost them. It also provides a reader with a good idea of what makes for sound money and sets the stage for an economic discussion of its consequences for individual and societal future orientation.
Furthermore, it explains the operation of Bitcoin in a functional and intuitive manner. Bitcoin is best understood as the first successfully implemented form of digital cash and digital hard money.
Saifedean Ammous: He is a Professor of Economics at the Lebanese American University. He is also a member of the Center on Capitalism and Society at Columbia University.
7. THE FIAT STANDARD: The Debt Slavery Alternative to Human Civilization
In this book, the author applies his unique analytical lens to the fiat monetary system. He explains it as a feat of engineering and technology, just like he did for Bitcoin in his worldwide bestseller, The Bitcoin Standard.
In this book, the author takes the reader through the world's earlier shift from the gold standard to the present system of government-backed fiat money, which outlines the fiat standard's purposes and failures. Also, deriving the wider economic, political, and social implications of its use and examining how Bitcoin will affect it over time.
In the book, the author also discusses an analysis of global political currencies by analogue to Bitcoin. That is how they are "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the widespread government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education.
Through these comparisons, the author demonstrates that bitcoin could be our next step forward that provides high stability across space just like the fiat system, but that too without the unchecked fiat-dominated debt. The author of the book is SaifedeanAmmous.
8. THE ONLY CRYPTOCURRENCY INVESTING Book You'll Ever Need: An Absolute Beginner's Guide to the Biggest "Millionaire Maker" Asset of 2022 and Beyond - Including How to Make Money from NFTs
In the book, the readers will discover:
-Better than Bitcoin: Dubbed the "Holy Grail of cryptocurrencies". This is one type of coin that every crypto investor needs to own.
- While investing in altcoins, you should be aware of 3 giant red flags.
- The #1 coin to profit from the upcoming Web3 evolution.
- Four easy ways are mentioned in the book to spot a cryptocurrency scam.
- DeFi 2.0 and its impact on the crypto ecosystem.
-Inside the book, each financial and technical term is defined clearly.
- Readers will find easy-to-follow advice provided on how to buy and store coins yourself. That is without having to pay expensive fees to middlemen. The book is from Freeman Publications.
9. CRYPTOASSETS: The Innovative Investor's Guide to Bitcoin and Beyond
The book clearly explains how to navigate this brave new blockchain world and how to invest in these emerging assets to secure your financial future.
The book mentions crypto assets that provide you with all the tools you need, namely;
-An actionable framework for investigating and valuing crypto assets.
- Techniques like portfolio management to maximise returns while managing risk.
-Historical context and some tips to navigate inescapable bubbles and manias.
-Practical guides to exchanges, wallets, capital market vehicles, and ICOs.
-Predictions about how blockchain technology will affect current portfolios
The book offers smart investment strategies and also helps you to understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution.
In the book, the author clearly defines the taxonomy of crypto assets, which are composed of cryptocurrencies, crypto commodities, and crypto tokens, with insights into how each subset is blending technology and markets.
The books also talk about the several methods needed to invest in these assets, whether through global exchanges trading 24/7 or initial crypto asset offerings (ICOs).
It is mentioned that crypto assets represent the future of money and markets. This book is like your guide to that future. The authors of the book are Chris Burniske and Jack Tatar.
NINE BEST BOOKS ON CRYPTOCURRENCY FOR BEGINNERS
|Name of Books||Author|
|Blockchain Revolution: How The Technology Behind BITCOIN and Other CRYPTOCURRENCIES is Changing The World.||Antony Lewis|
|Blockchain Revolution: How The Technology Behind BITCOIN and other CRYPTOCURRENCIES is Changing The World.||Don Tapscott and Alex Tapscott|
|Mastering Ethereum: Building Smart Contracts and DApps||Andreas Antonopoulos|
|Mastering Bitcoin: Programming the Open Blockchain||Andreas Antonopoulos|
|THE CRYPTOPIANS: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze||Laura Shin|
|THE BITCOIN STANDARD: The Decentralized Alternative to Central Banking||SaifedeanAmmous|
|THE FIAT STANDARD: The Debt Slavery Alternative to Human Civilization||SaifedeanAmmous|
|THE ONLY CRYPTOCURRENCY INVESTING Book You'll Ever Need: An Absolute Beginner's Guide to the Biggest "Millionaire Maker" Asset of 2022 and Beyond - Including How to Make Money from NFTs||Freeman Publications|
|CRYPTOASSETS: The Innovative Investor's Guide to Bitcoin and Beyond||Chris Burniske and Jack Tatar|