Crypto basics : a nontechnical introduction to creating your own money for investors and inventors / Slava Gomzin ; foreword by Ken Westin.
Gomzin, Slava, author.; Westin, Ken, writer of foreword.
2022
HG1710.3
Available Online

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Title Crypto basics : a nontechnical introduction to creating your own money for investors and inventors / Slava Gomzin ; foreword by Ken Westin.
Author Gomzin, Slava, author.
Edition [First edition].
ISBN 9781484283219 (electronic bk.)
148428321X (electronic bk.)
9781484283202
1484283201
DOI https://doi.org/10.1007/978-1-4842-8321-9
Published New York, NY : Apress, [2022]
Language English
Description 1 online resource (333 pages) : illustrations
Other Standard Identifiers 10.1007/978-1-4842-8321-9 doi
Call Number HG1710.3
Dewey Decimal Classification 332.4
Summary Use this practical, step-by-step guide for developers and entrepreneurs to create and run your own cryptocurrency. Author Slava Gomzin has created two cryptocurrencies and describes in this book the technology and economics of cryptocurrencies as preparation for crypto trading, investing, and other business activities. A detailed overview of special topics includes security, privacy, and usability of crypto as a mainstream payment system. Part I, Understanding Crypto, explains the technology and economic, security, and usability aspects of crypto. This is an introduction to the world of cryptography, blockchain tech, and other elements of crypto such as security, privacy, and a detailed review of payment processing. Part II, Using Crypto, provides the practical knowledge you need to dive into the crypto business such as investment, trading, and even creating your own crypto project. Part III, Creating Your Own Crypto, teaches you how to launch your own crypto project and create your own cryptocurrency.
Note Includes index.
Access Note Access limited to authorized users.
Added Author Westin, Ken, writer of foreword.
Available in Other Form Print version: 9781484283202
Linked Resources Online Access
Record Appears in Online Resources > Ebooks
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Intro
Table of Contents
About the Author
About the Technical Reviewer
About the Foreword Author
Acknowledgments
Foreword
Preface
Introduction
Part I: Understanding Crypto
Chapter 1: How Cryptography Works
First Ciphers
Modern Cryptography
Hash Function
SHA-256
RIPEMD160
Merkle Tree
Asymmetric (Public Key) Encryption
Digital Signatures
Elliptic Curves
Cryptography and Security
What's Next?
Untitled
Chapter 2: How Bitcoin Works
Problems Solved by Bitcoin
Double-Spending Problem
Distributed Peer-to-Peer Network

How Bitcoin Blockchain Works
Cash and Bank Transactions
Blockchain vs. Bank Transaction Ledger
Simplified Blockchain Transaction
Dealing with Fractions
Transaction Pool
The Byzantine Generals Problem
Proof-of-Work and Mining
Generating a New Block
Solving the Block
Temporary Forks and Confirmations
Mining Rewards
Wallets and Addresses
What's Next?
Chapter 3: How Other Cryptos Work
Proof of Stake
Delegated Proof of Stake
Block Lattice
How Block Lattice Works
How Coins Are Transferred in Block Lattice
Token Platforms
What's Next?

Chapter 4: Cryptosecurity
Inauguration Day
Plastics or Crypto: No Difference
The Great Infiltration
How SQL Injection Works
Ransomware Attacks
Attacks on Blockchain Protocols
51% Attack
More Attacks on Blockchain
What's Next?
Chapter 5: Crypto Privacy
Bitcoin Is Pseudonymous!
Making Your Bitcoin Transactions Private
Unique Wallet Address per Transaction
Coin Mixers (Tumblers)
The Onion Router (TOR)
VPN (Virtual Private Network)
What Is VPN?
How Does VPN work?
If I Use TOR, Should I Use VPN As Well?

Besides the Case with the Coin Mixer, Should I Use TOR and VPN?
Choose the Right Wallet
Run Your Wallet with TOR
Bitcoin TOR Nodes
What's Next?
Chapter 6: How Monero Works
Why Monero Is Important
CryptoNote
Untraceability and Unlinkability
Cryptographic Monero Technologies
View and Spend Keys
Stealth Addresses
Ring Signatures
Churning
Pedersen Commitments and Range Proofs
Key Images
Learn More About Monero
What's Next?
Chapter 7: Crypto Payments
Why Pay with Crypto?
Why Crypto Payments Are Difficult
Custodial Payment Processing

Non-custodial Payment Processing
Two-Tier Crypto Networks
Lightning Network
How Lightning Works
Lightning Cons
Prepaid Cards Loaded with Crypto
Gift Cards Purchased with Crypto
What's Next?
Part II: Using Crypto
Chapter 8: How to Choose the Wallet
Custodial Wallets
Non-custodial Wallets
Hot vs. Cold Wallets
Lite (Thin Client) Wallets
Desktop vs. Mobile Wallets
Multisig Wallets
Full Node Wallets
Hardware Wallets
Paper Wallets
CLI Wallets
Not Sure Yet Where to Start?
What's Next?
Chapter 9: Getting Crypto for Free
Faucets

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