Jumia Books Bitcoin Standard: 2021 Beginner's Guide" Book By S. M. Crypto

"Bitcoin Standard: 2021 Beginner's Guide" is a practical introduction to Bitcoin that demystifies the cryptocurrency for newcomers. It covers fundamental concepts such as the history and evolution of money, blockchain technology, Bitcoin mining, and digital wallets, providing readers with a solid foundation to understand how Bitcoin operates and its significance in the global financial landscape.

Key points include:

The historical context of money, from barter systems to gold and then fiat currency, highlighting challenges such as inflation and central bank control.

Bitcoin's decentralized, peer-to-peer technology based on blockchain, which offers transparency, security, and resistance to censorship.

Bitcoin's finite supply capped at 21 million coins, promoting scarcity and sound monetary policy similar to the gold standard.

The mining process as a mechanism to validate transactions and introduce new bitcoins while maintaining network security.

Advantages of using Bitcoin as a store of value and medium of exchange over traditional fiat currencies.

Practical guidance on how to set up Bitcoin wallets, safely store private keys, and conduct transactions.

Discussion of challenges such as price volatility, regulatory scrutiny, and scalability issues.

Bitcoin envisioned as a potential new standard for money that empowers individuals with financial sovereignty and reduces reliance on centralized institutions.