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Learning Bitcoin

Learning Bitcoin

By : Richard Caetano
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Learning Bitcoin

Learning Bitcoin

3 (3)
By: Richard Caetano

Overview of this book

The financial crisis of 2008 raised attention to the need for transparency and accountability in the financial world. As banks and governments were scrambling to stay solvent while seeking a sustainable plan, a powerfully new and resilient technology emerged. Bitcoin, built on a fundamentally new technology called “The Blockchain,” offered the promise of a new financial system where transactions are sent directly between two parties without the need for central control. Bitcoin exists as an open and transparent financial system without banks, governments, or corporate support. Simply put, Bitcoin is “programmable money” that has the potential to change the world on the same scale as the Internet itself. This book arms you with immense knowledge of Bitcoin and helps you implement the technology in your money matters, enabling secure transactions. We first walk through the fundamentals of Bitcoin, illustrate how the technology works, and exemplify how to interact with this powerful and new financial technology. You will learn how to set up your online Bitcoin wallet, indulge in buying and selling of bitcoins, and manage their storage. We then get to grips with the most powerful algorithm of all times: the Blockchain, and learn how crypto-currencies can reduce the risk of fraud for e-commerce merchants and consumers. With a solid base of Blockchain, you will write and execute your own custom transactions. Most importantly, you will be able to protect and secure your Bitcoin with the help of effective solutions provided in the book. Packed with plenty of screenshots, Learning Bitcoin is a simple and painless guide to working with Bitcoin.
Table of Contents (10 chapters)
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9
Index

Installing BitcoinJS


To begin our adventures in programming with Bitcoin, we're going to install and work with a set of development tools:

  • NodeJS: This is a platform built on the open sourced Javascript engine from Google. It will allow us to write and execute the scripts quickly and easily. These scripts can be written to run in a Web browser or on a server.

  • BitcoinJS: This is a Javascript library for working with Bitcoin and its cryptographic functions. We'll use BitcoinJS to generate private keys and addresses.

  • Blockchain.info: This is a public API that will allow us to query the blockchain for balances, and to broadcast the transactions to the network. While we can implement our own Bitcoin node, as described in Chapter 5, Installing a Bitcoin Node, using Blockchain.info as the alternative allows us to get up and running quickly and easily.

Requirements

To install the packages listed in the preceding list, you'll need a computer running Windows, OS/X, or Linux with at least 1GB of free...

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Learning Bitcoin
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