Bitcoin Developer Basics 01: Transactions, Scripts + SegWit

🌟 [Course Headline]

Bitcoin Developer Basics 01: Transactions, Scripts + SegWit

🚀 [Course Description]

Are you ready to embark on an exciting journey into the world of Bitcoin development? This course by Base58 instructor niftynei is meticulously crafted for programmers, developers, and engineers eager to understand the intricate details of Bitcoin transactions, scripts, and the revolutionary SegWit update.

Dive deep into the data that powers the Bitcoin blockchain, from the fields and bytes that make up its core, to writing your own bitcoin scripts and parsing transactions. With a focus on practical knowledge and hands-on experience, this course will equip you with the essential skills needed to build your own transaction parser, create custom bitcoin locking scripts, and adapt transactions to the SegWit format.

Join us to start your Bitcoin development journey the right way – with Base58!

Course Outline

Step 1: Intro to Bitcoin Transactions

📊 Transaction Basics

• What is a Bitcoin Transaction? Discover the core elements and fields that constitute a transaction.
• Calculating Transaction IDs (TXID): Learn how unique identifiers are generated for each transaction.
• Transaction Fees and Weights: Understand the fee market dynamics and how transactions are priced on the network.
• Coinbases and Block Rewards: Explore the origins of bitcoin within a transaction.

Topics: Transaction fields, endianness, transaction ids, fees, transaction weights, coinbases.

Step 2: Enter Script

📜 The Power of Bitcoin's Script Language

• Understanding Script: Script is Bitcoin's native language for creating complex conditions and securing transactions.
• Writing Your Own Script: Craft your own scripts and learn about the importance of hashes and preimages.
• Locking and Unlocking Bitcoins: Apply your scripts to lock bitcoins, and figure out how to unlock them when conditions are met.

Topics: Bitcoin Script, standard scripts, P2SH (Pay to Script Hash), opcodes (Bitcoin operations).

Step 3: Transacting with SegWit

🛠️ Mastering the SegWit Soft-Fork

• SegWit Overview: Understand what SegWit is and its significance in modern Bitcoin transactions.
• New Script Types: Explore the P2WSH (Pay to Witness Hash) and P2SH-P2WHP (Pay to Script Hash - Pay to Witness Hash) script types introduced by SegWit.
• Adapting Transactions: Learn how to modify transactions for optimized network usage with the SegWit update.

Topics: SegWit, P2WSH, P2SH-P2WHP.

🎓 Ready to get started? Enroll in "Bitcoin Developer Basics 01: Transactions, Scripts + SegWit" today and unlock the door to Bitcoin development with Base58! 🔑💰