Foreword
What is the difference between Bitcoin and the various monies used in multiplayer games? Each is defined by software, is created out of nothing, and can have prices comparable to traditional currencies. To a casual observer, they seem much the same.
But there is an important difference in how they’re designed that affects every aspect of their respective systems: whereas game currencies try to stop cheating by reactively banning users suspected of abuse, Bitcoin proactively prevents various types of cheating by making them impossible, impractical, or less profitable than honest behavior.
Grokking Bitcoin describes exactly how Bitcoin accomplishes that. As you learn about hash functions, digital signatures, proof of work, and many other ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access