25 Oct '14, 6pm

Btcsim: Simulating the rise of Bitcoin

Btcsim: Simulating the rise of Bitcoin

btcsim requires a few components to run a simulation. First, a btcd node is launched which serves as a common node for the actors. Based on the command line flag ‘-actors’, multiple actors, each of which is a btcwallet node, are launched and configured to connect to the common btcd node. Since mining requires at least one peer, a second btcd node, the miner, is launched with mining addresses set to one address from each actor. This provides each actor with enough UTXOs to bootstrap the simulation. In case the number of input transactions is large and the the number of UTXOs are not sufficient, the existing UTXOs are ‘divided’ by creating transactions with a pre-calucated number of outputs per transaction to the actor’s own addresses. Once the minimum required number of UTXOs are available, transactions are simulated. Each transaction involves dequeuing a UTXO from the queu...

Full article: https://blog.conformal.com/btcsim-simulating-the-rise-of-...

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