Crypto Basics A Nontechnical Introduction to Creating Your Own Money for Investors and Inventors

Use this practical, step-by-step guide for developers and entrepreneurs to create and run your own cryptocurrency. Author Slava Gomzin has created two cryptocurrencies and describes in this book the technology and economics of cryptocurrencies as preparation for crypto trading, investing, and other business activities. A detailed overview of special topics includes security, privacy, and usability of crypto as a mainstream payment system.

Part I, Understanding Crypto, explains the technology and economic, security, and usability aspects of crypto. This is an introduction to the world of cryptography, blockchain tech, and other elements of crypto such as security, privacy, and a detailed review of payment processing.

Part II, Using Crypto, provides the practical knowledge you need to dive into the crypto business such as investment, trading, and even creating your own crypto project.

Part III, Creating Your Own Crypto, teaches you how to launch your own crypto project and create your own cryptocurrency.

What You Will Learn

• Know how cryptography, Bitcoin, and other cryptos work
• Understand how crypto becomes money, and how crypto exchanges work
• Use crypto as a payment method
• Buy your first crypto and know what exchange you should use
• Be aware of the most dangerous crypto attacks and what to do about security and privacy
• Maintain anonymity and privacy while dealing with crypto
• Know how Monero (the most popular privacy-centric cryptocurrency) works
• Create and run your own crypto project
  
• Create your own token, both regular (fungible) and NFT (non-fungible), from selecting the platform to economics and finances

Who This Book Is For

Crypto inventors, entrepreneurs, developers, investors, and advisors who are thinking about creating their own cryptocurrency; traders and investors, both professional and amateur, looking to enter the crypto markets; and software architects, developers, managers, consultants, executives, and crypto enthusiasts working for merchants, banks, fintech companies, and many other businesses that have started accepting crypto payments or dealing with other aspects of crypto

Slava Gomzin is a cybersecurity and crypto enthusiast, full-stack technologist, and entrepreneur. He is the author of multiple publications on information security and technology, including the books Hacking Point of Sale: Payment Application Secrets, Threats, and Solutions and Bitcoin for Nonmathematicians: Exploring the Foundations of Crypto Payments. Hacking Point of Sale became a handbook and the primary reference for many professionals in payment, retail, and cybersecurity industries. Slava has designed and co-created two cryptocurrencies. Graft (GRFT) was launched in 2018 and, at some point, was in the top 25% of the cryptocurrencies by market capitalization. Lyra (LYR) was launched in 2020 and was designed and coded from scratch using recent advances in crypto technologies. Slava is currently Director of Software Development at Toshiba, focused on payments R&D, product security, and cloud technologies.