5 Best Books on Cryptocurrency | Understand Bitcoin, Ethereum, and Blockchains
Have you thought about reading a book on cryptocurrency or blockchain technology? As the crypto industry is so new, perhaps it wouldn’t be the first thing to mind.
However, there have already been several excellent evergreen books on cryptocurrency written about the history of Bitcoin or Ethereum, how blockchain technology works, or crypto trading.
The blockchain industry is rapidly evolving: ICOs, DeFi, NFTs, Bitcoin mortgages, smart contracts, blockchain for supply chain – new applications and use cases are popping up daily. If you are struggling to keep up with all the latest news and feeling overwhelmed, a good idea is first to understand what blockchain technology is and how cryptocurrencies work to put things into context.
Whether you want to gain more knowledge, are thinking about making your first investment, or looking for books on crypto trading to make better trading decisions, here are some of the best books on cryptocurrency and crypto resources to read that can offer you a solid educational foundation.
- The Bitcoin Standard: The Decentralized Alternative to Central Banking
“The Bitcoin Standard” is a book about Bitcoin, the world’s first and largest successful cryptocurrency. It is one of the best books on cryptocurrency if you want to learn everything about BTC. It explains what gives Bitcoin value, how it works in comparison to other fiat currencies, and how it paved the way for the development of other popular cryptocurrencies.
Written by an economist Saifedean Ammous, a Professor of Economics, he paints a comprehensive picture starting from Bitcoin’s creation days. His perspective in the book is from a historical backdrop, where he highlights how both Bitcoin and blockchain technology have transformed the way the world thinks about our current banking system, its flaws, and decentralization.
After reading “The Bitcoin Standard,” you will be able to explain to your friends what Bitcoin is, how it came about, and why it is valuable. You can also get insight into why the common problems surrounding crypto, like extreme energy consumption, won’t stand in the way of crypto as a new replacement for fiat currencies.
- The Book Of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto
“The Book of Satoshi” is about the creator(s) behind the largest cryptocurrency in the world, who isn’t known to the public and who remains anonymous. The founder(s) go by the name Satoshi Nakamoto. It is one of the best books on cryptocurrency that speculates about the founders of Bitcoin.
Phil Champagne, the author of the book, is a financial advisor who investigates who could be the possible creator behind the mysterious cover. He has conducted a deep-dive whether the person is a one or there are several creators behind Bitcoin. The book includes actual proof of real-life email conversations by Nakamoto. It is written in a format that is easy to follow and explains and breaks down all the crypto terms.
After reading this crypto book, you’ll know who the possible creators behind Bitcoin could be, whether it might be a group or an individual, and read the original white paper that the creators – Satoshi Nakamoto – published when Bitcoin was first launched to the public in 2008.
- The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them (Cryptography, Derivatives Investments, Futures Trading, Digital Assets, NFT)
“The basics of Bitcoin and Blockchains” starts with an introduction to Bitcoin and blockchain technology and works its way to explain crypto investing and crypto trading. So if you are looking for books on crypto trading, it is an excellent book on cryptocurrency. It talks about what makes crypto valuable, how it started, and the importance of blockchain in other use cases in the future.
The author of the book is Antony Lewis, a trader, and a blockchain and crypto expert, who focuses on explaining crypto from a different angle. He talks through the risks of crypto investing and highlights how to avoid common crypto and NFT scams to better understand the regulations within the new crypto industry.
After reading, you will know how blockchain will play a part in future applications, a perfect choice for both beginners and professionals in other industries other than blockchain to find out how it can relate to and revolutionize other industries. It acts as an essential guide to all interested in blockchain technology in general and covers all the fundamentals.
- The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum
“The Infinite Machine” focuses on the world’s second-biggest cryptocurrency, Ethereum. If you wish to learn more about Ethereum blockchain and its creation days and its lead founder, Vitalik Buterin’s story, this crypto book is for you.
It is written by Camila Russo, a financial journalist and now a decentralized finance expert fascinated by the creation of Ethereum and the authentic story behind it. She took to explore the story of Buterin, who was only 19 years old when he founded the new open-source blockchain technology Ethereum.
Readers will learn how Buterin’s idea wasn’t to only create a new digital currency but also to find an implementation of blockchain technology in other use cases. For example, Ethereum smart contracts have allowed decentralization of other web-based companies and brought about the wildly popular NFTs.
- Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
“Bitcoin Billionaires” is a fascinating story for those less interested in the technical side of things. It is about the intriguing saga of how Winklevoss brothers Tyler and Cameron, who sued their former collegemate and Facebook founder Mark Zuckerberg for stealing their idea, managed to expand their wealth and get media attention through crypto instead. One of the best books on cryptocurrency if you are intrigued by crypto success stories.
The book’s author Ben Mezrich, a writer and established author, explores how the Winklevoss brothers became the first Bitcoin billionaires in 2017 and the events that led to it. He is also an author of the best-selling book “The Accidental Billionaires” about Mark Zuckerberg and the founding of Facebook, so expect to have a similar writing style and some references linking to it.
With new crypto terms, cryptocurrencies, innovative use cases based on blockchain technology, and the world of NFTs exploding in popularity, there is an endless stream of news updates regarding the cryptocurrency industry, making it impossible to keep up with the happenings.
Reading a book or two on crypto and blockchain can help to put things into context and better understand the industry. Knowing the fundamentals of investing, centralized banking systems, and economics can help to understand how they tie to digital currencies and blockchain and can help make better investing crypto trading decisions now and in the future.