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Pre-University Paper from the year 2019 in the subject Economics - Finance, grade: 1, , language: English, abstract: Are words such as mining, proof-of-work, hash value and ETF alien to you? Do you ask yourself why people buy Bitcoin, governments forbid the use of the currency and banks warn against it? Would you like to get clear and understandable answers? Then you have come to the right place. This book provides an overview of how Bitcoin works, possible risks and opportunities, and what you should consider when investing or mining. Additionally, you will also find an overview of alternative cryptocurrencies, possible applications of blockchain technology in the future and ICOs. Dieses Buch ist auch auf Deutsch unter dem Titel “Die Kryptowährung Bitcoin. Geschichte, Funktionsweise, Sicherheit und Wirtschaftliche Aspekte” verfügbar.