Cryptocurrency

Higgins M.G. Higgins

Description

Themes: Technology, Nonfiction, Tween, Chapter Book, Hi-Lo, Hi-Lo Books, Hi-Lo Solutions, High-Low Books, Hi-Low Books, ELL, EL, ESL, Struggling Learner, Struggling Reader, Special Education, SPED, Newcomers, Reading, Learning, Education, Educational, Educational Books. Is it the money of the future or just a fad? Learn how and why cryptocurrency was created, how it is used, the pros and cons of virtual currency, and what role it may play in the future. Fad or not, this fascinating digital currency is changing the world of money. Take a look inside White Lightning Nonfiction, a hi-lo nonfiction series for students in the middle grades. Mature, high-interest topics pull in readers and engage them with interesting information; full-color photographs and illustrations; detailed graphic elements including charts, tables, and infographics; and fascinating fact boxes. A 20-word glossary is included for vocabulary support.

Informations

• Publié par: Saddleback Educational Publishing
• Date de parution: 04 avril 2019
• Nombre de lectures: 0
• EAN13: 9781645980469
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Copyright © 2019 b y Saddleback Educational Publishing
All rights reserved. No part of this book may be reproduced in any f orm or by any means,
electronic or mechanical, including photocopying , recording , scanning, or by an y information
storage and retrieval system, without the written permission of the publisher . SADDLEBACK
EDUCA TIONAL PUBLISHING and any associated logos are trademarks and/or reg istered
trademarks of Saddleback Educational Publishing .
Photo credits: page 19: ART YOORAN / Shutt erstock.com; page 23: dennizn / Shutterstock.com;
All other source images from Shutterst ock.com
ISBN-13: 978-1-68021-638-7
eBook: 978-1-63078-475-1
Cryptocurrency
Deadly Bites
Droids and Robo ts
Flight Squads
NONFICTION
 

NONFICTION
 
 

CHAPTER 1
A Hot T opic ............................................................................... 4
CHAPTER 2
Money Matters ...................................................................... 8
CHAPTER 3
Bitcoin: T he First Cryptocurrency .................................. 14
CHAPTER 4
Altcoins .................................................................................. 20
CHAPTER 5
T he Basics ............................................................................. 24
CHAPTER 6
Using Digital Cash .............................................................. 30
CHAPTER 7
Mining for Coins ................................................................. 34
CHAPTER 8
Drawbac ks ............................................................................ 40
CHAPTER 9
Big Hacks .............................................................................. 48
CHAPTER 10
T he Future..............................................................................52
Glossary .............................................................................. ..58
T able of
Contents
 

A
Hot
T opic
Cryptocurr ency has been in the news.
P eople trade millions of “coins” every day .
T hese coins are a kind of money . But they
are no t lik e traditional cash. What makes
so many people w ant them?
Digital Cash
Crypto
is short for “cryp tograph y .” T his
is a code. It k eeps data hidden. Currency
is money . Cryptocurrency is a type of
digital cash . It hides who uses it.
CHAPTER
1
 

F AST F A CT : Gold was found in
California in 1848. P eople rushed there from all
over the world. About 300,000 were mining gold
by 1855. T he gold ran out five years later.
Digital cash is a kind of money . P eople buy things
with it. T hey can invest in it too. But there ar e k ey
differences. Cash is ph ysical. People can hold it in
their hands. Countries control it. Digital cash is no t
physical. R ecords ar e only online. No country controls
it. Banks do no t either. P eople do.

Some say it i s lik e gold. T his is because people mine
for it. T here is a kind of frenzy about it too. Man y
hope to get rich. It is lik e the Gold Rush of the 1850s.
 

Fraud or the F uture?
T here are people who lik e digital cash a lot. T hey
think this is the money of the futur e. T o them, it is
safe and private. Some ha ve made money with it.
Others do not tru st digital cash. T hey say it is a
fad. T he coins have no real v alue. Some even call
it a fraud . W arren Buffett is a money expert. He
said digital cash “. . . will come to a bad ending.” He
swor e he would never buy it.
F AST F A CT : Bitcoin is the most
well-known digital cash. T here are many o thers.
All use the same basic system.
 

No one kno ws what the future will bring. But digital
cash may pla y a big part. It is changing how people
think of money .
YOUNG MILLIONAIRE
Erik F inman turned 12. His grandmo ther gave him a gift
of $1,000. He used the money to buy his first bitcoin.
T his was in 2011. Over time, Finman bought more. By the
time Finman turned 19, he o wned 401 bitcoins and was
a millionaire. Finman tells young people to buy digital
cash. But he also gives advice. Only invest what you are
willing to lose. Experts give this advice too. Digital cash
has shot up in price, and prices can sink just as fast.
 

P eople did not alwa ys use money . T hey
traded. A person might ha ve given
someone a co w . The y ma y have go tten
corn in return. T his changed o ver time.
Mone y
Matters
CHAPTER
2