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Grokking Bitcoin First Edition

4.8 4.8 out of 5 stars 71 ratings

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Summary

If you think Bitcoin is just an alternative currency for geeks, it's time to think again.
Grokking Bitcoin opens up this powerful distributed ledger system, exploring the technology that enables applications both for Bitcoin-based financial transactions and using the blockchain for registering physical property ownership. With this fully illustrated, easy-to-read guide, you'll finally understand how Bitcoin works, how you can use it, and why you can trust the blockchain.

Foreword by David A. Harding, Contributor to Bitcoin documentation.

Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications.

About the Technology

Inflation, depressed economies, debased currencies ... these are just a few of the problems centralized banking has caused throughout history. Bitcoin, a digital currency created with the ambition to shift control away from change-prone governments, has the potential to bring an end to those problems once and for all. It's time to find out how it can help you.

About the Book

Grokking Bitcoin explains why Bitcoin's supporters trust it so deeply, and why you can too. This approachable book will introduce you to Bitcoin's groundbreaking technology, which is the key to this world-changing system. This illustrated, easy-to-read guide prepares you for a new way of thinking with easy-to-follow diagrams and exercises. You'll discover how Bitcoin mining works, how to accept Bitcoin, how to participate in the Bitcoin network, and how to set up a digital wallet.

What's inside

  • Bitcoin transactions
  • The blockchain
  • Bitcoin mining
  • Bitcoin wallets

About the Reader

Intended for anyone interested in learning about Bitcoin technology. While a basic understanding of technical concepts is beneficial, no programming skills are necessary.

About the Author

Kalle Rosenbaum is a computer scientist, an avid Bitcoin supporter, and the founder of Propeller, a Bitcoin consultancy.

Table of Contents

  1. Introduction to Bitcoin
  2. Cryptographic hash functions and digital signatures
  3. Addresses
  4. Wallets
  5. Transactions
  6. The blockchain
  7. Proof of work
  8. Peer-to-peer network
  9. Transactions revisited
  10. Segregated witness
  11. Bitcoin upgrades
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From the Publisher

bitcoin, blockchain, cryptocurrency

Grokking Bitcoin

From the Preface

Who should read this book

This book is intended for technically interested people wanting to understand Bitcoin on a deep technical level. The book does not require any programming skills, but a basic understanding of some technical concepts are beneficial, for example databases, computer networks, computer programs, and web servers.

The primary goal of the book is that you will be able to decide for yourself whether you trust Bitcoin or not. That primary goal is hard to achieve, because you need to learn most concepts in Bitcoin, such as digital signatures, proof-of-work, and peer-to-peer networks, on a pretty deep level. Some secondary goals falls out naturally from the primary goal:

  • Install and use a Bitcoin wallet on your phone, and understand what you’re doing.
  • Engage in technical Bitcoin discussions.
  • Make informed decisions on how to store your private keys depending on Bitcoin amounts stored and required level of security and convenience.
  • Run a full Bitcoin node to engage in financial transactions without trusting a third party.

Editorial Reviews

Review

"Filled with clear explanations and many excellent illustrations, this book makes even the most highly technical topic accessible."
-- From the Foreword by David A. Harding, Contributor to Bitcoin documentation

"The smartest and most natural way to learn about all of the bits and pieces surrounding Bitcoin technology without getting overwhelmed by them."
--Sergio Fernández González, Accenture

"Everything you always wanted to know about Bitcoin (but were afraid to ask)!"
--Jean-François Morin, Laval University Library

"A great introduction to Bitcoins and how they work, full of examples and suitable for all audiences."
--Marcello Seri, University of Groningen

"A really neat way of walking through how Bitcoin works and why."--Frances Buontempo, BuontempoConsulting

About the Author

Kalle Rosenbaum founded Popeller, a Bitcoin consultancy, in 2015. Kalle provides expert software development services, advice, and education around Bitcoin.

Product details

  • Publisher ‏ : ‎ Manning; First Edition (April 28, 2019)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 480 pages
  • ISBN-10 ‏ : ‎ 1617294640
  • ISBN-13 ‏ : ‎ 978-1617294648
  • Item Weight ‏ : ‎ 1.98 pounds
  • Dimensions ‏ : ‎ 7.38 x 0.9 x 9.25 inches
  • Customer Reviews:
    4.8 4.8 out of 5 stars 71 ratings

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Customer reviews

4.8 out of 5 stars
4.8 out of 5
71 global ratings

Top reviews from the United States

Reviewed in the United States on August 5, 2019
Bitcoin is a fascinating subject and I've read many books on the topic - Internet of Money Vol. 1 + 2, The Bitcoin Standard, Mastering Bitcoin, Programming Bitcoin. If you're looking for an up-to-date introduction into the technical workings of Bitcoin, look no further, this book is for you.

It's best to look at this book as the spiritual successor to Andreas Antonopoulos's "Mastering Bitcoin". Both offer an in-depth "peak under the hood" of sorts into the technical aspects of Bitcoin. I would highly recommend reading both of them as the authors have very different, yet highly complementary writing styles. Bitcoin is a difficult and strange subject for most, so IMO it's important to tackle the subject from a variety of perspectives. I label Grokking Bitcoin as the successor to Mastering Bitcoin for two reasons - 1) it's more up-to-date. Bitcoin moves fast and Grokking contains some of the tech developments since Mastering's printing. 2) it has the advantage of time. Many of the analogies and explanations for certain subjects have evolved and improved over the last 18 months as the Bitcoin community has grown. Kalle takes advantage of this and the end result is a product that's easier for beginners and non-technical types to engage with.

Let's get to the book itself. I can not imagine the mechanics of Bitcoin being written in simpler language. I often times found myself thinking that my mother would be able to easily follow the explanations that Kalle provides. It's evident that the author put an incredible amount of thought into every word. The book is simultaneous dense and succinct and even educated Bitcoin readers will be impressed. Make no mistake though - just because the author uses clear, simple language does NOT mean that he's glossing over the more technical aspects. The book is comprehensive and the reader will come away with a sophisticated appreciation of Bitcoin. Additionally, the diagrams are top notch and facilitate deep understanding of the topic at hand. Kudos to whoever at Manning did the illustrations. I am confident that many of Kalle's paragraphs and diagrams will be used for years to come and will eventually find their way to both the classroom and Congressional hearings. Additionally, I really enjoyed how every chapter has a section of exercises at the end - and how the author provides answers at the back of the book. These allow the reader to test their understanding of the reading and verify that they're thinking about the topic correctly.

Overall, if you're interested in Bitcoin this is a must read. At the time of my writing, the book only has two reviews on Amazon. This saddens me. Do not let that influence your purchase decision, this is simply one of the best books on Bitcoin that exists today.
14 people found this helpful
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Reviewed in the United States on September 14, 2021
I have been interested in learning more about Bitcoin, and cryptocurrencies in general, for awhile now, and finally took the plunge and started ordering some of the more highly rated books. I am a few chapters in on this one, and loving it so far. I like the level of detail and examples that this book provides, and if this is a common feature of the "Grokking" series I may need to look into other titles in the series. I will say that there is caveat though: this book does throw you a bit into the deep end, and kind of hand waves over some of the necessary background info, especially surrounding cryptography. I have some background in cybersecurity so that didn't phase me, but someone coming at this brand new, with no programming experience and having never heard of symmetric and asymmetric cryptography, may be a bit overwhelmed. However, I do believe that most people who would seek this particular book out for its level of detail very likely has the necessary background to jump in, so I wouldn't ding the rating at all for that.
2 people found this helpful
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Reviewed in the United States on August 5, 2019
Author does a great job in illustrating some of the complex topics used in Bitcoin in a very straight forward and easy to understand way. Would highly recommend this book for both newbies and more experienced Bitcoiners.
6 people found this helpful
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Reviewed in the United States on August 4, 2019
This is a great book for people who are interested in the technical details of Bitcoin. This is a great resource and well done. You should definitely buy this book, it's a great resource!
4 people found this helpful
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Reviewed in the United States on August 6, 2019
If "The Bitcoin Standard" got you down the rabbit hole, Grokking Bitcoin will reinforce key technical aspects on the things you love about Bitcoin. An absolute must have!
6 people found this helpful
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Reviewed in the United States on May 23, 2019
Dense with information and exercises to test your knowledge. Great reference to start understanding Bitcoin at a deeper lever.
6 people found this helpful
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Reviewed in the United States on August 4, 2019
From spreadsheets to blockchains, this book cleverly goes through the elements of a blockchain, specifically the Bitcoin blockchain, in ways that programmers and Liberal arts type people can understand. While this could be used for a multidisciplinary college course on Bitcoin, this isn’t too terribly comp sci heavy. Honestly, the pictures do a fantastic job of getting most of what you need to know across…you still have to be able to read, but if you’re not into that kind of thing, you can learn an awful lot by studying the graphics.
4 people found this helpful
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Reviewed in the United States on September 19, 2019
I really got a lot of value out of reading this book. Kalle has broken down Bitcoin into pieces in a way that is easy to learn, and nicely broken down into explanatory graphics. This book is a little more dense going so it's definitely not the first time Bitcoin book, this book is best to read after you have already read books such as Bitcoin Money, Inventing Bitcoin, The Bitcoin Standard etc.
One person found this helpful
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Top reviews from other countries

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S. Zajac
5.0 out of 5 stars Deep and rewarding
Reviewed in the United Kingdom on June 6, 2021
Thanks. Very well done and covering all that I wanted to know about bitcoin principles.
fulltech
5.0 out of 5 stars Buen libro
Reviewed in Spain on April 3, 2021
Buen libro
Steve Foster
5.0 out of 5 stars Essential if you are interested in Bitcoin
Reviewed in Canada on August 4, 2019
Written in a clear and easy to understand style, this book is a terrific resource for understanding this amazing technology. Highly recommended.
ReadingBuff
5.0 out of 5 stars Fantastic Book on Bitcoin
Reviewed in India on November 10, 2019
A great book to understand Bitcoin
Jan-Paul Franken
5.0 out of 5 stars 👌
Reviewed in Germany on August 5, 2019
👍