Paying for goods with Bitcoin is becoming more and more popular. If you run, maintain or develop an e-commerce website, ICO project, exchange, or trading system, you may be interested in a quick way of integrating with the Bitcoin blockchain.
This article will show one of many ways of installing a Bitcoin mining software and integrating a PHP application with it. I will present how to generate an address for your users and check if the transactions are confirmed.
Interest in the Bitcoin cryptocurrency is greater than ever. The value has just reached 6500 USD and it shows no signs of decreasing in the near future. Moreover, the whole cryptocurrency market is growing – every day brings new applications, ICOs, exchange systems, and ideas to be developed or maintained by programmers. Implementing new features or business logic requires deep knowledge about the cryptocurrency, in this specific example, about Bitcoin.
All resources that I have found on the internet or books about Bitcoin or Ethereum describe the basic concepts, investment process or highly technical stuff in the blockchain. Therefore, for any programmer who would like to integrate with the Bitcoin network, there is a huge gap between and lack of information. This article is a part of series where I would like to give you an introduction to the Bitcoin cryptocurrency, to its historical background, and explain its underlying mechanisms and show how to integrate or communicate with its API.
During my journey with the cryptocurrency, I realized this is a common problem to find a highly qualified programmer who used to work with the cryptocurrency network. This is like finding a big panda in China – they are super rare. So, finally I was called a big panda and because I like to have some big panda friends, I decided to share the knowledge and my experience.
I will create a set of articles about the blockchain, the idea and general view, cryptocurrency – the Bitcoin, the Ethereum (including smart contracts), EOS (new fancy cryptocurrency that may be a trendsetter next year) and all troubles and problems that we faced.
From my personal experience, it came that the blockchain idea is both – technical and intricate. Coding without a strong knowledge about the background and idea of the blockchain brings to a lot of confusion and misunderstanding. Let’s start with the idea.