Install Bitcoin Daemon on CentOS with Yum Package Manager

Bitcoin Daemon, also known as Bitcoin Core, is a software component of the Bitcoin network that allows users to participate in mining and validating transactions. While Bitcoin Core was traditionally installed separately from its associated components such as OpenSC and OpenSSL, it can now be easily obtained on CentOS using the Yum package manager.

In this article, we will walk you through installing Bitcoin Daemon using Yum and explain any potential issues that may arise during the installation process.

Why Install Bitcoin Daemon Using Yum?

Before we move on to the installation instructions, let’s consider why it is so important to install Bitcoin Daemon separately. Here are a few reasons:

• Separation of Concerns: By installing separate packages for each component (Bitcoin Core, OpenSC, and OpenSSL), users can avoid package conflicts that may arise when using them together.

• Easy maintenance: Once a package is installed, it creates a dependency chain with other related packages. This makes it easier to maintain a clean environment by removing unnecessary dependencies.

Install Bitcoin Daemon on CentOS

Here is the step-by-step process:

• Update Yum: Before proceeding, make sure your system is up to date.

• Install OpenSC and OpenSSL: If you don’t have them already, install OpenSC (for cryptographic keys) and OpenSSL (for encryption):

• For CentOS: yum install opensc openssl

• Install Bitcoin Core:

• Download the latest Bitcoin Core package from the [official GitHub repository](

• Extract the downloaded archive to a directory of your choice (e.g. “/opt/bc” on Linux or “C:\Program Files\Bitcoin Core” on Windows).

• Bitcoin Core Setup:

• Edit the configuration file (“bcconf.conf”) using a text editor like vi or nano.

• Set the variable “core.dataDir” to the desired directory where Bitcoin Core should store its data.

nano /opt/bc/etc/bcconf.conf

• Start and check the service:

• Start the Bitcoin Core service: /usr/sbin/daemon.sh start

• Check if the service is running by checking the process list: ps -ef | grep daemon.sh

hit

start sudo /usr/sbin/daemon.sh

• Verify configuration: Make sure everything is configured correctly and Bitcoin Core is working as expected.

Troubleshooting

If you encounter any issues during installation or setup, you can find troubleshooting tips in the official Bitcoin Core documentation:

• [Install Bitcoin Core](

• [Configure Bitcoin Core](

Following these steps and tips will help you successfully install and configure Bitcoin Daemon on your CentOS system using Yum. Have fun exploring the world of cryptocurrencies!