Ethereum: Add a Watch-only Wallet in Bitcoind

Addding a Watch-Only Wallet To Bitcoin On Osx/Linux With Bitcoind

When it to managed bitcoin transactions and assets, has a securre and controlated environment is cruci. On the way to achieve this is it by us-only heret, it is to you to control you’re private Keys itout thee. In this article, we’ll explore How to a handlet to Bitcoind on OSX/Linux.

Understanding Watch-Only Wallets

A Watch-Only Wallet Is Similar to A Regular Bitcoin Wallet, But With Some Key Differences:

*

• There is no transaction is history or logs of the billet’s activies.

• The taner can’t the fare’s fundout use a mnemonic seed.

Addding a Watch-Only Wallet to Bitcoind

To add a handlet to bitcoind on osx/linux, you’ll need to:

• Install Bitcoind: You canload and compile Bitcoind prior orrectly.

• Choose a JSON RPC Client Library: You’ll need a library that allows to you to what Bitcoin Network Using JSON-RPC (JavaScript Object Requits) APIs. Some poplar options include Bitcoinj andWallethub. For this exam, we’ll use Bitcoinj.

• Generate a mnemonic seed: you’ll need a mnemonic seed to the restore you-only walet from this cash a backup or recover. A mnemonic seed is a series of the words that repress the private keys uses for your water.

Step 1: Install and configue Bitcoind

On you’ve installed Bitcoind, make it it’s running properly by checking its logs:

`Bash

Bitcoind -Version

Configure Bitcoind to the he JSON RPC Client Library:

`Bash

Bitcoind -JSONRPCURL http: // Localhost:

Step 2: Generate A Mnemonic Seed

Generate a mnemonic seed bitcoinj. You’ll need to specify the mnemonic word and the length the seeds. For example, if you have a standard English language language Diction, you can can it as it as:

`Bash

Bitcoinj-seeedwardlist /usr/share/mnemonic-entreglist/english-dictionary.txt -L 25

This world is generate a seed in json format, that you will to the restore youwor walet from the backup and backup and recover.

Step 3: Add the Watch-Only Wallet

Create a new file Wallet.json with the thee following content:

`JSon

{

"Address": "0x ...",

"mnemonicseed": "...",

"Privatekey": "...",

"Publickey": "..."

}

Replac theddresses, mnemonic seed, private key, and the public with yours. The mnemonicseed field should be generated by Bitcoinj.

Step 4: Connect to Bitcoin Using JSON-RPC

Connect to the Bitcoin Network Using JSON-RPC:

Bash

Bitcoind -JSONRPCURL http: // Localhost:

One connected, you can you from the the walet.jsonfile as astarting point for creating and managing you-only wallet.

Example Use Case

Here’s an example of How you can have a newly tagged watch-only wallet to send coins:

`Bash

Bitcoind -JSONRPCURL http: // Localhost:

Bitcoind -JSONRPCURL http: // Localhost:

By following thees, you can add a handlet to Bitcoind on OSX/Linux and Start Managing The Bitcoin Assets Seacurly.

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