Bitcoin, the most popular virtual currency among the cryptocurrencies that are available in the world so far, gained the attention of consumers who are concerned about making quick gains.

In this volume, the author introduces you to the process by which this digital, decentralized currency works and shapes our digital economy. The concept of blockchain applications, the system through which the miners are rewarded with a small number of bitcoins, the mechanism through which bitcoin exchanges work to defend themselves from filch, software implementations, legal statuses, taxes, and regulations are discussed.