30 Best Cryptocurrency Books to Read in 2023

30 Best Cryptocurrency for Beginners Books of All Time

Knowledge is power, and this adage is true in today's cryptocurrencies. No matter what industry you are in, reading is the easiest and quickest way to get started. 

To establish oneself is to establish education as the first, and to establish education is to read as the foundation. 

We've all been newbies in the world of cryptocurrencies and blockchain, and we've all struggled to read the endless and even frustrating Telegram chats to help answer our questions. However, there is another simpler and more efficient way - reading!

Of course, our learning journey is never-ending. But looking at the direction of cryptocurrencies and blockchain, I have listed in this article a few educational best blockchain and cryptocurrency books that you need to delve into in the new year.

In this issue I recommend 30 Best books about cryptocurrency: books to learn about cryptocurrency that is most suitable for beginners, allowing you to quickly enter the vast expanse of cryptocurrency.

Here are our top book picks to help you understand cryptocurrency. A list of 30 best cryptocurrency books for beginners you should read in 2023.

1. Cryptocurrency by Paul Vigna & Michael J. Casey

The first book is "I have cryptocurrency, the Future of Money" by Paul Vigna and Michael Casey. This is not the type that is full of technical papers, and it won't give you an in-depth look at the super technical aspects of Bitcoin and cryptocurrencies, but as an overview, it's hard to beat. 

If you are new to cryptocurrencies, to truly understand the fundamentals of Bitcoin and old coins, you need to understand how traditional finance works, the history of money, and how a common belief is given to money. 

This book is for you because it discusses all of these issues in depth and can be easily read and understood even by those of us who don't have PhDs in economics. The book also does a good job of running through the formation of Bitcoin development ideas, and the launch of the Bitcoin network.

Published in 2015, I found it interesting to read the author's thoughts on the potential impact Bitcoin could have on the world's financial system and economy, as well as how different countries and regulators deal with cryptocurrencies. Since some of these predictions may have already come true, wouldn't it be interesting to see it now with hindsight?

2. Digital Gold by Nathaniel Popper

The second book is Digital Gold by Nathaniel. To be honest, Hammer thinks this is a good introduction to Bitcoin. The practical technical explanations are pretty straightforward, but what is more interesting in this book is the economics and explanations of old-school Bitcoin's philosophical leanings.

Nathaniel points out that Alan Greenspan made predictions back in the 1990s.

Globalization and the Internet may give rise to a new currency suitable for this new world, and it has become a reality. The book also outlines how countries differ in the social acceptance of Bitcoin. An example of this is Whence Cazares, an Argentine billionaire who is very interested in Bitcoin because he grew up in a country plagued by inflation, but why would that spark interest in Bitcoin?

Because even now, whether it's the dollar or the global reserve currency, is seen as a safe asset to some extent. People can store the value of their savings, which naturally puts a lot of power in the hands of the Federal Reserve, which is not a good thing, and inflation can get serious.

The book focuses on the early days of Bitcoin and captures the optimism of ideologically driven players as well as the more criminal elements surrounding Bitcoin, such as the Silk Road.

Anyway, if you want to learn more about Bitcoin's key contributions to around 2015 and milestones in Bitcoin's history, such as Bitcoin Pizza Day, then this book is for you. 

3. The Truth Machine: The Blockchain and the Future of Everything by Paul Vigna and Michael J. Casey

The third book of the Truth Machine The Blockchain and the Future of Everything is The Truth Machine: The Blockchain and the Future of Everything by Paul and Michael. 

They write about the future of cryptocurrencies and became interested in blockchain while writing about cryptocurrencies for their first book, where the author looks at the potential of blockchain from a macro perspective. 

If the future we see in the book comes true, we will see the greatest job revolution the world has ever seen.

Historically, the jobs most vulnerable to labor market disruption are those ruthlessly referred to as low-skilled labor.

Those jobs include factory workers and retail store assistants, and they've been tough enough over the past year or so. Yet the book argues that in a future world lawyers will be replaced by smart contracts. 

Bankers and portfolio managers also lose their jobs, basically what people like to call white-collar jobs.

The book outlines a future where today's white-collar workers will see a wave of change.

4. The Basics of Bitcoins and Blockchains by Antony Lewis

The fourth book of The basics of Bitcoins and blockchain is Anthony Lewis' Basics of Bitcoin and Blockchain.

This is one of the best books to introduce the world of cryptocurrencies and related topics, and most of the books that Hammer recommends are for friends who are just getting into cryptocurrencies. 

It all starts with the history of money and the different forms it has taken over the ages. Think of the system of bartering, commodities like gold and silver, that eventually developed into the now, now-dreaded currency. 

All of this is very necessary when it comes. What is the true understanding of money? Then you will learn how the banking system works and how payments are made from an accounting perspective.

Armed with an understanding of monetary history, what money is, and the current financial system, you should be able to see value in cryptocurrencies as an alternative. 

There are also plenty of illustrations in the book to help readers elaborate on the technical stuff, especially when explaining how money is transferred between banks.

Essentially, the author explains the main problems that are prevalent in the current financial system and how blockchain can solve them. In my opinion, these examples are very effective learning tools, so it's best not to skip these parts. 

It's especially nice that the book also covers some of the weaknesses of encryption: including 51% attacks and wallet security. After reading this article, you will understand why so many people invest in hardware wallets.

5. The Internet of Money by Andreas M. Antonopoulos

The fifth book of The Internet of Money is The Internet of Money by Andreas Antonopoulos. Andreas is so fond of Bitcoin that he quit his job in 2012 to add value to the Bitcoin ecosystem, speak at conferences, advise cryptocurrency startups, and write extensively about Bitcoin, while also running an unpopular youtube channel.

This book presents the idea of ​​an infrastructure inversion when cars were just becoming a thing, but there was a major problem with these cars trying to take advantage of infrastructure built for horses.

What is the infrastructure? That's dirt roads, and that's pretty suboptimal for these new cars that are just starting out, which makes a lot of people wonder how the hell they caught on. 

Those who have horses will laugh at the poor people who drive around, especially when it rains and the car gets stuck in the mud. But over time, the asphalt became brighter, and car drivers began to find life easier and faster. 

Horses can still run on these roads, but the age of the automobile has arrived in the age of horses.

The key here is that the new technology opens up new possibilities that have not been seen before, in this case, the inversion of infrastructure, which is asphalt roads. In fact, we see similar infrastructure inversions in tech all the time.

Anyway, if you are interested in the disruptive potential of cryptocurrencies and the solutions they could bring. Then this book is for you.

6. The Bitcoin Standard by Saifedean Ammous

The sixth and final recommended book for The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous. It is a sacred text for Bitcoin lovers and one of the most important books of its kind ever written. 

In my opinion, it provides the clearest explanation of what money really is, this article begins by reviewing the early types of money and pointing out that gold is the final form of money.

While Cypherdine Amos speaks recklessly, calling all AltCoins a scam, he essentially believes that all coins will die and Bitcoin will eventually be the only cryptocurrency that can solve any real problem. 

But nonetheless, Hammer does think this book is an excellent read for anyone who wants to understand the history of money, what money is, monetary policy, and how it all relates to the mighty Bitcoin.

7. Blockchain Revolution by Tapscott

One of the keys to understanding how cryptocurrencies work is to understand the underlying technology – the blockchain. Therefore, it is a good choice to start reading from Blockchain Revolution (by Don, Alex Tapscott). 

Written for crypto beginners and non-technical people alike, this book will take readers on a journey through time from remote antiquity to learn more about the history of money.

After reading this book, you will also understand why blockchain is so important and how it could potentially change every aspect of our lives.

8. Blockchain: Deep dive into blockchain by Leonard Eddison

As the name suggests, this book is aimed at beginners in blockchain and cryptocurrencies. 

This book enumerates all the advantages of blockchain technology, provides an in-depth introduction to some of the most important blockchain terms, and guidance on how to create your own blockchain wallet.

Interestingly, the book also provides its readers with a blockchain myth-busting guide, along with a comprehensive look at how some of the largest accounting firms have used blockchain to transform their business models.

9. The Age of Cryptocurrency by Paul Vigna & Michael J. Casey

This might be one of the most interesting books you'll ever read about cryptocurrencies. It touches on a variety of interesting topics like blockchain, cryptocurrencies, and bitcoin. 

What is most commendable about this book is that it takes the reader to the beginning of blockchain and Bitcoin, and then provides a complete insight into them. 

The book also introduces the disruptive power of blockchain technologies and their enormous potential to transform today's social systems.

10. Cryptocurrency by Chris Lambert

Cryptocurrency: The Market Entry, Exit, and Stop-Loss Strategies that made me a Successful Professional Trader

If you want to make money and you are looking for a book that will be helpful to investors, this book is a very good choice. The book's author, Chris Lambert, is widely regarded as a cryptocurrency guru, having previously worked as an investment banker.

Don't expect to get rich right away, though, as this book takes a fair amount of effort and takes you through the basics of various technical analyses. 

Readers will learn how head and shoulders patterns work, the difference between a symmetrical triangle and an ascending triangle, how the double flag pattern guides cryptocurrency trading, and some useful technical analysis to improve market judgment.

11. Cryptocurrency by Jared Snyder

Cryptocurrency: The Ultimate Guide to the 20 Cryptocurrencies to Watch in 2018. If you are overwhelmed by the sheer volume of cryptocurrencies currently on the market, this book is recommended. Author Jared Snyder will give you a list of the top 20 cryptocurrencies to invest in.

This book covers topics on how to invest in Bitcoin, Ethereum, Ripple, Litecoin, and more. It also provides readers with a variety of simple investment strategies and a clear discussion of how various political issues will affect your investments. 

Last but not least, it will teach you how to identify and choose the best cryptocurrency for your own investments, and it will give you an overview of some of the best cryptocurrency exchanges out there.

12. Mastering Bitcoin: Programming the Open Blockchain by Andreas Antonopoulos

Author Andreas Antonopoulos is one of the well-known Bitcoin and open blockchain experts and the founder of three Bitcoin-related businesses and several community open-source projects. 

His writing mainly introduces the concepts of Bitcoin and blockchain to readers without a technical background. Among the fundamental cryptography books, Mastering Bitcoin also explains techniques that keep developers and software system architects in mind.

To provide an overview of the functionality of cryptocurrencies, it details the concepts of decentralized networks, peer-to-peer structures, and transaction lifecycles. 

The latest edition of the book also covers new technological developments in concepts such as Segregated Witness, payment channels, and the Lightning Network.

13. Blockchain: A Blueprint for a New Economy by Melanie Swan

This book shows how blockchain technology can enable automatic tracking of all digital applications. 

It explains the role of blockchain as the basis for a decentralized database, and also lays out the ways in which blockchain can be used to make public services, medical record keeping, and scholarly publishing cheaper and more efficient. 

Overall, the book sees blockchain as a way to revolutionize the computing paradigm.

14. The Blockchain Developer by Elad Elrom

Blockchain Developers: A Practical Guide to Designing, Implementing, Publishing, Testing, and Securing Distributed Blockchain-Based Projects

This book is mainly for people who want to engage in blockchain development and do innovative research. It covers various consensus mechanisms for achieving mining and staking yields. 

Additionally, it provides a general overview of crypto-economics, peer-to-peer networking, decentralized ledgers, mining, wallets, and transactions. 

This book is a really in-depth introduction to developing protocols and guidelines, with real-world examples and code examples.

15. Cryptoassets: An Innovative Investor's Guide to Bitcoin and Beyond by Chris Burniske

Co-authored by Chris Berniske and Jack Tatar, this book provides framework readers can use to understand the reliability and intrinsic value of crypto-assets, which will help investors make more informed decisions. 

The book also provides tips and actionable insights on how to navigate the market.

16. Bitcoin and Cryptocurrency Technologies by Arvind Narayanan

The textbook on bitcoin and cryptocurrency technology written by several scholars from the Department of Computer Science of Princeton University in the United States, from the simple to the deep, covering the technical level to the supervision to the social impact to the future trend, is very comprehensive, and the writing is smooth, by no means deterring beginners' writings. 

Even if individual chapters may not be mastered at once, you can definitely skip to them to get a complete picture of cryptocurrencies.

17. Investigating Cryptocurrencies by Nick Furneaux

The author Nick Furneaux is an online security and forensics expert who assists law enforcement agencies in investigating online crimes from time to time. He feels that law enforcement officers have little understanding of cryptocurrencies (such as thinking that cryptocurrencies are hidden in criminals' computers, etc.), 

so he wrote this book, from investigators From the perspective of explaining the basic knowledge of cryptocurrencies, and even how to investigate cases and track the traces of cryptocurrencies.

Furneaux is not a soldier on paper but has actual combat experience. For example, he has infiltrated a terrorist's apartment and has to copy the contents of the terrorist's computer hard drive at a very high speed before being discovered. 

It is a bit like Mission Impossible. He will teach you how to find the wallet address and even the private key of encrypted currency in the massive data on the hard disk, and he will teach you how to use online resources to track the traces of criminals using encrypted currency to launder money. 

Then you will know that many cryptocurrencies, such as Bitcoin, are not absolutely anonymous, and experts can still find out the "gold master".

Behind the interesting plot, this book is actually a good introductory book on cryptocurrencies, with explanations in every link, approachable, but more focused on Bitcoin.

18. Hands-On Bitcoin Programming with Python by Harish Kumar Garg

Don't be intimidated by this programming book. In fact, the content is not difficult. Those who have little knowledge of Python, the most popular programming language in recent years, believe that it is not difficult to read this book.

Many people recommend this book because cryptocurrencies are derived from computer programs after all. To understand its operation in detail, there is nothing more practical than using programming languages. 

In particular, this book introduces some libraries specially designed for cryptocurrencies. Coin wallet and other actions, only one or two strokes will be done.

This book will explain how to use the API to get the latest quotes of cryptocurrencies, even some transaction details, and how to make price fluctuation notifications.

In fact, this book is short, but it provides you with a DIY opportunity to experience the operation behind cryptocurrency.

19. Bitcoin: The future of money? by Dominic Frisby 

Looking at a title like this, many of my friends would have thought that Frisby would explain how Bitcoin will change the world in 304 pages — but he didn’t. 

Instead, he took a step back and described where Bitcoin came from, and how and why it was created. He even gave his conjecture about the true identity of Satoshi Nakamoto, the mysterious creator.

What's more, he also strives to make the presentation in as simple language as possible; so the book is fairly easy to read for non-technical people. 

In other writings, Frisby has maintained his stand-up humor, and this time he has continued to use his comedic charm to keep the book entertaining. But at the same time, he's still working on really complex, even boring topics.

20. Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher

Learning cryptocurrencies and blockchain can seem like an insurmountable challenge if you're not a super technologist - don't be afraid, Drescher is here to help you with this book.

Instead of using any complex theory, formulas, or codes, Drescher breaks up the relevant expertise into foundations; in the first few chapters, he helps readers build the foundations. 

After reading all 25 steps, you should have a fairly solid understanding of the general principles that make up a blockchain.

21. The Dark Net by Jamie Bartlett

Strictly speaking, this book is not about cryptocurrencies or Bitcoin. But if you want to learn about the dark web, the carrier that helps Bitcoin truly realize its value, then this book is well worth reading. 

For the past and present of Bitcoin, there are more meaningful backgrounds than holding coins, complaining, bear or bull markets.

Bartlett devotes part of the book to researching the Silk Road website and how it used bitcoin as a means of actual purchase for users. Silk Road users were arguably the first to use Bitcoin on a large scale, and they also played a vital role in shaping the face of Bitcoin. 

If you mention the Silk Road, the first thing that comes to your mind is the ancient trade line connecting the East and the West. Please read this book immediately.

22. The Book of Satoshi by Phil Champagne

Like other prominent figures at the Satoshi Nakamoto Institute, Champagne sees the mysterious creator of the Bitcoin empire using a pseudonym as a legend. 

Essentially, this book is a collection of everything Satoshi Nakamoto has written about Bitcoin and its derivatives on the web.

Of course, this sounds like a scam - but Champagne himself made his own judgments and comments on the importance and value proposition of Satoshi's remarks. Plus, the book is open to copyright, so anything you read in it can be freely shared on the web.

If you have bought a lot of bitcoin, or have friends who hold a lot of bitcoin, then this book definitely has a reason to be on your bookshelf. 

23. Blockchain for Babies by Chris Ferrie and Marco Tomanichel 

We all know that blockchain technology has the potential to revolutionize the world, so make sure your kids are prepared for this coming disruption. 

In other words, it’s never too early to teach your kids a little about decentralized technology, and this “Baby’s Guide to Blockchains” is such a good starter.

The Baby's Guide to Blockchain is also written by real experts, so even adults who already have some knowledge of the technology can read it. 

However, it must be admitted that this book seems a bit naive to friends who are not familiar with blockchain technology. All in all, the choice is entirely up to you.

Obviously, this list of good books is not comprehensive enough; there are already a lot of altcoins, and there are many other important Bitcoin treatises. 

But the seven mentioned here are our favorites, and they are suitable for both blockchain newbies and related experts with a considerable degree of expertise. 

In a word, I believe that these treatises are enough to inspire any friends who wish to take cryptocurrency and blockchain seriously.

24. The Infinite Machine, by Camila Russo

Camila Russo, a former Bloomberg reporter who became the "female leader" of Defi publication "the Defiant", is the author of "the Infinite Machine": the first book devoted to the history of the Ethereum blockchain. 

"Digital Gold" is for Bitcoin, and "Infinite Machine" is for Ethereum. The carefully researched book tells the exciting story of Ethereum's "army of cryptocurrency hackers" (its 8 founding members).

Russo reveals how Charles Hoskinson (who later founded Cardano) had a very different vision for Ethereum, and how Ethereum's main creator, Vitalik Buterin (who was only 20 at the time) made the big decisions that determined a current value The future of the $400 billion+ platform. 

Russo's deft coverage of Ethereum's creation, feuds, creepy hacks, and hard forks, as well as its astonishing growth and role in the future of the internet, makes The Infinite Machine a must-have for any Ethereum or Defi enthusiast must-read. It will soon be brought to the screen, and its funding will come from the sale of NFTs.

25. Blockchain Bubble or Revolution by Neel Mehta, Adi Agashe, and Parth Detroja

If you are completely new to blockchain and cryptocurrencies, this book is for you. This is based on my experience: When I first started exploring the industry, "Bubble or Revolution?" helped me sort out some very complex concepts in an approachable, easy-to-understand way.

This is the ideal first step in your personal cryptocurrency education, starting with the creation of Bitcoin and the fundamentals and use cases of blockchain technology, while also providing a fundamental understanding of altcoins, crypto-economics, and growing business adoption. 

The three authors have backgrounds at Google, Microsoft, and Facebook, but they deftly avoid getting bogged down in jargon or overly technical explanations.

26. “Bitcoin Billionaires” by Ben Mezrich

Following Mezrich's "Accidental Billionaires," "Bitcoin Billionaires" about Facebook's origins, Tyler Winklevoss and Cameron Winklevoss win Facebook's multi-million dollar settlement and embark on a new venture: investing in this crazy new thing called Bitcoin. 

In the process, Mezrich charts the evolution of the cryptocurrency space, from the ragged cypherpunks and libertarians, attracted to Bitcoin in the early days, to the bankers and investors in suits, trying to make a difference in cryptocurrency The government subculture puts on a decent cloak.

This book is not perfect. This succinct essay seems to have been written for the inevitable film adaptation. At yacht parties and clubs in Ibiza, people are making dry discourses to the roaring EDM beats, and it's all about the scene. 

It's a little hard to agree with the idea that the multimillionaire Winklevoss twins want to be billionaires, but the author has a very friendly attitude toward the protagonists. 

There's no denying that "Accidental Billionaires" is a more compelling underdog story, and Zuckerberg is a more interesting flawed protagonist. Nonetheless, it provides an interesting look at the growing pains of the cryptocurrency industry as it matures.

27. Out of the Ether by Matthew Leising

As a book about Ethereum, Out of the Ethereum does double duty. On the one hand, the book tells the story of the creation of the network, where Vitalik Buterin, together with a diverse group of allies, took his bright ideas from concept to execution, and the battles and clashes of personalities are also in great detail, thanks to many Interview with the co-founder.

But it is also related to the 2016 hack of the DAO, the largest ETH project of the era, and the reason why modern Ethereum broke away from classic Ethereum. 

The alternation between these two narratives doesn't really benefit either story, but there's still a lot to glean about Ethereum's origins and the existential threats that could derail its future.

28. The Supreme Individual by James Dale Davidson and William Rees-Mogg

Written in the late 1990s, this guide to the then-nascent information revolution was in some ways remarkably prescient. It predicted the birth of "cyber money," the political rise of charismatic demagogues around the world, and the emergence of state and non-state "cyber warriors" deploying "logic bombs" to attack infrastructure. 

The central thesis of the book is that internet technology and decentralized digital currencies will bring about a paradigm shift as individuals move their assets into the digital realm, beyond the control of tax authorities. 

It argues that, due to the lack of the ability to collect taxes, the nation-state will be torn apart, with the government effectively becoming the service provider to this new elite.

If this all sounds a bit like the end of the world. Davidson and Rees-Mogg say the new wave of technology will widen wealth disparities and lead to the emergence of an "information elite" that dominates large groups of disaffected poor people. 

So it's no surprise that the book is enthusiastically supported by billionaires like PayPal founder Peter Thiel (who wrote the foreword to the book). Liberal fringes of the cryptocurrency community also seized on it, embracing the message that decentralized technology will disrupt government power. 

You can claim to be a decentralized company with no headquarters on the cryptocurrency exchange Binance that can move from one jurisdiction to another; in the spirit behind privacy coins like Monero; An echo of its influence is seen in the friendly Estonian president's assertion that countries will become "providers of service packages" for digital nomads.

Still, the book ultimately paints a bleak picture; it was a new Gilded Age in which new aristocrats hoarded digital wealth and an "increasingly chauvinistic and unpleasant" lower class transformed Getting more and more restless. Even democracy itself is questioned by the authors, which begs the question: Is Elon Musk really joking when he declares himself the "king of technology"?

29. Kings of Crypto by Jeff John Roberts

If Digital Gold is the definitive origin story of the first cryptocurrency, and Infinite Machine is the birth story of the blockchain that launched Defi, then King of Crypto is about Coinbase, the first major U.S. cryptocurrency company. 

While crypto purists have legitimate complaints about Coinbase's development today, it remains the industry's closest thing to a household name, the service "everyday people" are most likely to try when they decide they're ready to buy some bitcoin, and thus explain The best companies on the rise of cryptocurrencies.

Jeff Roberts' book is the kind of business book that would spark headlines like "5 Inside Secrets from Coinbase's Early Days" because every anecdote is interesting and surprising. 

In August, Coinbase CEO Brian Armstrong also retweeted such books on Twitter, complaining: “Unfortunately, many of the stories being told are wildly inaccurate and, worse, expose their own Bias.” King of Crypto, told impartially by outsiders and former insiders, concludes that Coinbase is a success story in the cryptocurrency space.

30. Cryptocurrency: How Digital Currency Changes Finance by Gian Volpicelli

This primer on cryptocurrencies takes a short tour through the history of cryptocurrencies, including Bitcoin's origins in the cyberpunk movement, the development of Ethereum, the ICO boom, stablecoins, and Facebook's ill-fated Libra project. 

The main thread of Volpicelli’s narrative is that cryptocurrency has been viewed as a political project from its inception, and every development must be viewed through this lens. 

His approach to the industry as a whole is healthy skepticism, shattering the hype and bragging, exposing the industry's many weaknesses. He writes that the history of cryptocurrencies is less about true disintermediation than "the history of wave after wave of disintermediation rhetoric."

If there's one flaw in this book, it's that it's out of date. As Volpicelli admits, "the times are a matter of months in this industry" and much has changed since its publication. 

The book culminated in Facebook's launch of the stablecoin Libra; Facebook has since changed its name to Meta, dropping the project, which was renamed, Diem. The NFTs that have dominated the cryptocurrency space over the past year are not even mentioned in the book.

Summarize of Best Books on Cryptocurrency of All Time

It is worth noting that there are many more good books in the cryptocurrency industry. 

However, if you are just getting started, the books mentioned in the above list will definitely help you take your first steps to success in the complex world of crypto.

FAQ: Best Books On Cryptocurrency You Need For Better Understanding Below Queries.

How Do I Learn Cryptocurrency?

The easiest way to get around this is to go to Google and read everything that comes up in the search results, allowing SEO Gods to recommend the best learning resources. 

Another way is to search for keywords in subreddits such as cryptocurrencies. The downside of this is landing on irrelevant portals to learn nuanced topics and having to browse unverified information.

However, this is an ever-evolving field, with new segments emerging every day.

Why the world needs cryptocurrency?

Many top businessmen and economists question the necessity of cryptocurrencies over traditional paper money. Bitcoin, for example, as the first decentralized cryptocurrency, was initially created in response to the 2008/2009 financial crisis and has since gained popularity. 

To better understand why cryptocurrencies exist and the benefits they can bring us, we first need to go back to the origins of the best books on cryptocurrency.

What information do you need as an initial crypto investor?

Before you start working on any specific project, it is recommended to first have a general understanding of cryptocurrencies as a whole. Study the concepts behind Bitcoin and Ethereum, as blockchain and smart contract technology has had the greatest impact on the industry and most crypto projects.

To understand how to start investing in cryptocurrencies, traders must first understand what information they should be looking for. In addition to reading the project's whitepaper, look for general indicators of market performance, such as market capitalization, price data, news, and public sentiment.

How to start investing in cryptocurrencies?

While seasoned investors know that everyone's research process is different, there is a basic framework that every trader can follow and build upon. It is important to understand that, just like investment strategies, research strategies should be refined over time. The more items you research, the easier it is to spot signs that might alert you to promising items or serve as red flags.

Before we start working on any project, we should first ask ourselves what we hope to get from investing in crypto. Are you looking to research altcoins to identify low market cap projects with room for high returns, or are you looking for an established cryptocurrency with a more defined team and market? By knowing what your short- and long-term goals are, you'll know where to start looking and be able to identify projects that fit your investment goals.

What are the advantages of cryptocurrencies?

• Fixed amount of currency: When cryptocurrencies are first produced, they will follow the rules of the algorithm, and there will be a certain amount. 
• Therefore, it will not be issued as much as the current currency, and it will be affected by inflation and cause currency depreciation. situation occurs. 
• High security: Encryption uses cryptography to strengthen its security. Unless you have a private key, you cannot use the encrypted currency in your account at all, which is much more secure than ordinary currency. 
• Low handling fee: Because the core concept of cryptocurrency is decentralization, that is, it does not require intermediaries to conduct currency transactions, basically there will be no handling fees, so it can help you save a lot of transaction costs. 
• High transparency: Because cryptocurrency uses blockchain technology, each transaction information can be recorded in all blocks to achieve the concept of information sharing. Therefore, its information transparency is quite high. 
• Convenient cross-border transfers: If cryptocurrencies can be popularized, there will be no need to go through too many checkpoints when making cross-border transfers, and the transfer speed will become faster at this time, which means that cross-border transfers will become more convenient.

What are the disadvantages of cryptocurrencies?

• The irreversibility of the transaction: Because the transaction of encrypted currency is irreversible if you have sent the encrypted currency to someone today, and the transaction is confirmed successfully, even if you send the wrong one, there is no way to change it, unless the recipient sends it back. 
• If you forget your password, you can't find it back: The cryptocurrency has only one password, and because of its decentralization, there is no way to get a new password through relevant verification, so if you forget your password, it means that your cryptocurrency will also leave you at the same time. (A lot of people forget their passwords...) 
• Illegal use: Because cryptocurrencies have no regulatory authority and cannot effectively track the identities of traders, they can easily be used by deliberate people, resulting in illegal activities such as money laundering or fraud. 
• Unfair distribution: To be honest, the distribution of cryptocurrencies is quite unfair, when Bitcoin first appeared, only a small number of people knew about it, so just like the world today, the main wealth is still in the hands of a few people. 

What are the Challenges of cryptocurrency?

Of course, the cryptocurrency revolution brings its own set of problems. Any emerging technology requires active skepticism. Fraud, robbery, and money laundering remain issues affecting the general public. Scalability, mass adoption, and ease of use are all challenges developers face when venturing into uncharted territory.

Are cryptocurrencies necessary?

Cryptocurrencies like Bitcoin are trying to solve fundamental problems with the 1,000-year-old fiat money economy. We are in the early days of the cryptocurrency industry. There may be more problems before us, and we have not yet found the answer to the problem.

Despite massive technological advancements, an estimated 1.7 billion people remain unbanked. How should we take these groups into account? Is there a better way to facilitate global trade? Is it possible to create a sound community currency? Are cryptocurrencies necessary? So, when the next financial crisis hits, the question we may have to ask ourselves is: Can we really be without cryptocurrencies?