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README.md | 2 years ago |
README.md
Send Transaction
The purpose of this exercise is to create a simple Bitcoin transaction locally using the command line. As we use new tools this exercise is guided.
Instructions
-
Install a Bitcoin node. There are two solutions :
-
Launch Bitcoin core daemon on regtest network. You can do so with
bitcoind -regtest -fallbackfee=0.00000003
assuming the executable is in your shell's path. -
Create manually a wallet and two addresses on Bitcoin regtest. You may do this by running the following commands
bitcoin-cli createwallet "testwallet" bitcoin-cli getnewaddress bitcoin-cli getnewaddress
-
Generate 101 blocks to get fresh bitcoins. You need 101 blocks as the Bitcoin you receive from mining are locked for 100 blocks. You may use the following command
bitcoin-cli -regtest generatetoaddress 101 <your address>
-
Send a transaction of 2 bitcoins to the second address.
-
List the last transactions
bitcoin-cli listtransactions
-
Create a js file and exports the hash of your transaction in a variable
txid
.
Usage
exports.txid =
"be3d0d245e7dce50964ac9157aee7e18a3828e11d89f72ee0bc3f76b526e5bb";
Congrats for your first Bitcoin transaction!
Notions
- A linux image with developer tools cryptotux.org
- Bitcoin core node bitcoin.org
- Send to address reference