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Learning Bitcoin

You're reading from Learning Bitcoin Embrace the new world of fiance by leveraging the power of crypto-currencies using Bitcoin and the Blockchain

Product type Paperback

Published in Oct 2015

Publisher

ISBN-13 9781785287305

Length 236 pages

Edition 1st Edition

Tools

Bitcoin

Concepts

Cryptocurrency

Table of Contents (10) Chapters

Preface

1. Setting up a Wallet FREE CHAPTER

2. Buying and Selling Bitcoins

3. Protecting Your Bitcoins

4. Understanding the Blockchain

5. Installing a Bitcoin Node

6. Understanding the Mining Process

7. Programming Bitcoin

8. Exploring Alternative Coins

Index

Installing the client

Bitcoin Core is publicly available for free from the official Bitcoin site (www.bitcoin.org). Installations are available for Windows, Mac, and Linux.

Figure 5.1 - Downloading the client

You can download the client from https://bitcoin.org/en/download. The site gives detailed instructions on how to install the client on each operating system (Windows, OS/X, and Linux).With the client installed, you'll be able to execute commands on the network using command-line scripts or with other development tools.

Requirements

Due to the heavy use of processing and storage, several requirements must be met for proper performance:

At least 100GB of storage is recommended: The client will need to download the entire blockchain and validate it locally on disk. Today, the blockchain size is about 50GB. This will grow at a linear and predictable rate.
Adequate bandwidth is necessary for performance and accessibility: Some administrators may block ports on the network. Without access to...

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