readmes

[electrum-nvc.git] / README

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-Electrum - a lightweight Bitcoin client and its server
-
-Licence: GNU GPL v3
-Author: thomasv@gitorious
-Language: Python
-
-Main features:
-
-Client:
- * The client uses a deterministic wallet; if the wallet is lost, it can be recovered from its passphrase.
- * The client does not download the Bitcoin blockchain; it requests that information from the server
- * The client does not send its private keys to the server.
- * The client does not need to open a port, it simply polls the server for updates.
-
-Server:
- * The server uses a patched version of the Bitcoin daemon that can forward transactions, and bitcoin-abe
- * The server code is open source. Anyone can run a server, removing single points of failure concerns.
- * The server knows which set of Bitcoin addresses belong to the same wallet, which might raise concerns about anonymity. 
-However, it should be possible to write clients capable of using several servers.
-
-----------------------------------------------------------
-INSTALLATION
-
-Client:  
-1. install python-ecdsa and pycrypto:
-   * sudo easy_install ecdsa
-   * sudo easy_install pycrypto
-2. run the client:
-   python electrum
-
-Server:
-
-1. patch and recompile the bitcoin daemon - bitcoinrpc.diff
-2. install bitcoin-abe : https://github.com/jtobey/bitcoin-abe
-3. install bitcoinrpc : https://gitorious.org/python-bitcoin
-     patch it too, see bitcoinrpc_connection.py.diff
-4. launch the server:  python server.py