Bitcoin Payments

"Implementing Bitcoin "explains all aspects of Bitcoin acceptance for merchants (both ecommerce and brick-and-mortar) from the angle of payment technology and security. The book explains the basics of crypto currencies, and compares Bitcoin with other "altcoins" as well as with existing credit card payment systems. The book also describes the security of crypto-payments from the viewpoints of both payer and payee. Importantly, " Implementing Bitcoin "contains hands-on step by step instructions for merchants on crypto payment acceptance such as integration of ecommerce website and retail POS with Bitcoin payment processors. The book also contains helpful practical guidance on how to select an appropriate Bitcoin wallet and how to build a Litecoin mining rig.Part I, "Foundations," sets the scene for the following two parts (which are focused on implementation details of crypto-currencies and crypto payments).Chapter 1, "Eco-System," covers the very basics of the BitcoinChapter 2, "Economy," explains the financial aspects of the crypto currencies.Chapter 3, "Principles," covers the main distinctive properties and core design principles of Bitcoin. Part II, "Under the Hood," is aimed to people who want to understand the technical details of Bitcoin implementation.Chapter 4, "Network," describes the Bitcoin network implementation: from client software to Bitcoin transaction and Blockchain.Chapter 5, "Mining," explains the process of creating ("mining") the Bitcoins and other crypto currencies out of thin airChapter 6, "Services," covers all the additional services that are not part of the crypto currency core.Part III, "Crypto Payments in Action," describes all varieties of crypto payments from personal money transfers to online purchases to large retailers, explaining the challenges and recommendations for each group of payers and payees.Chapter 7, "Money Transfer," covers all the aspects of one-on-one crypto payments from viewpoints of both payer and payee.Chapter 8, "Ecommerce," explains how to accept crypto payment at ecommerce website, including all possible challenges and security issues.Chapter 9, "Brick and Mortar," explains how to accept crypto payment at retail brick and mortar store.Appendix A, "Full Catalog of Crypto Currencies," contains the list of all currently available altcoins ( 100 entries [1]), with description of their main properties and technical characteristics such as method of mining, full transaction confirmation time, time interval between the blocks, creation date, market capitalization, current exchange rate, final total of coins, mining rate, current Hashrate, and more.Appendix B, "Glossary of Terms and Abbreviations," deciphers the abbreviations and defines the terms used by crypto payments community.