Cryptoassets Book Summary – May 2022

Author: Chris Burniske, Jack Tatar

Short Summary
Cryptoassets (2017) is a book that will teach you about the finance market, Cryptoassets, and blockchain technology and introduce you to the major types of coins and tokens. The guide aims at making you feel safer in investing in Cryptoassets by describing its history, safety, future, and stability in today’s world. Although much has changed in the world of online trading and currency since the book has published but the principles described in the book still hold their value.
cryptoassets book
Source: amazon.com

Detailed Summary

Cryptoassets book will teach you how to evaluate and investigate Cryptoassets. It is a financial guide that can open the greatest opportunity for you to invest and capitalize on. In addition to providing you with a history of how Cryptoassets have evolved it also guides you about wallets, capital market vehicles, and initial cryptoasset offerings (ICOs), coins, and tokens.

If you are someone who is looking to invest but are not sure if Cryptoassets are safe this book is for you. It takes you to the core of how your currency is even safer in these digital banks than in our normal banks. Cryptoassets are the new big thing after the spread of the stock market, dot com, and eBay and you do not need to miss out on them just because you have lesser knowledge. After the emergence of bitcoins in 2015, there are now multiple forms of currency you can purchase, sell and trade.

Cryptoassets Book Key Points

What is Cryptocurrency?

If you are a part of the generation z and millennial crowd you must have heard something about crypto and bitcoin. Cryptocurrencies have the potential to reshape the financial world. Some of the heavy users of cryptocurrency include first and foremost the United States and the UK, Canada, South Africa, and Australia. Emerging countries are also inclined more toward investing in cryptos as India, China, and Brazil. Cryptocurrencies are subject to high fluctuations in value. Investing in crypto may sound a little risky to you but it is highly profitable. The term Cryptoasset refers to the software and its accompanying currency. It is purely digital and anyone can create a crypto-asset at any time.

What are crypto assets used for?

Crypto can be used for several payment systems, to carry out auto-generated contracts, and run different programs. You can use them just for the sake of investment or for exchange. It can be also utilized to gain access to goods and products.

What are some of the main types of cryptocurrencies?

There are more than10,000 cryptocurrencies on the market today. A currency can be called a separate “coin” if it has its own blockchain and infrastructure. Bitcoin, which started in 2009 and Ether are two main types of coins in the cryptocurrency. On the other hand, tokens use another blockchain’s infrastructure and not their own.

How do I invest in cryptocurrency?

Even if you are a seasonal investor who does not invest and market every day you need to be careful and vigilant. The value of cryptocurrency just like any other reserve depends upon the market and its trends. It can be high one minute and fall down completely the next. Prices vary according to the supply from miners to the demands of customers.

How is blockchain technology safe?

The primary function of a blockchain is to keep track of what assets belong to whom. The blockchains are distributed among several computers which is why it is hard for any hacker as the chain cannot be accessed from only one computer or at the same time. The data is also intangible to anyone who doesn’t have knowledge because it is encrypted. When a transaction goes through it gets verified by every synced blockchain thus making it impossible for anyone to alter or change any amount of transaction. The decentralization further works to ensure security. You can be assured that your currency is not in the hands of a single person and a single company. It is protected by many people on many levels.

Cryptoassets Book Quotes

“Cryptoassets, like gold, are often constructed to be scarce in their supply. Many will be even more scarce than gold and other precious metals. The supply schedule of Cryptoassets typically is metered mathematically and set in code at the genesis of the underlying protocol or distributed application.” –Chris Burniske

Cryptoassets Book Review

Cryptocurrency can be highly valuable but it needs time and effort for you to understand. The Cryptoassets book is a clear and concise guide that provides you with knowledge about cryptocurrency that ranges from basic to expert level. You will get to know the history and progress that has been done. This book will provide a structure to your thoughts about all the crypto words and ideas thrown at you daily. Overall it is a fitting read for anyone who is looking for investing in cryptocurrency but has tons of questions.

To Whom I Would Recommend Cryptoassets Book

  • Anyone who is looking to invest in cryptocurrency but has reservations.
  • Teenagers who want to invest their earnings on regular basis but do not know of any online platform.
  • And to anyone who is curious about the future of banking and finance

Link: https://amzn.to/3cK9gax