2018-7-17 14:00

What Is Libbit?

Libbit has been designed as a multipurpose bitcoin library toolkit intended for high-end users. It provides an ideal framework for developers to build server and client APIs, as well as mobile applications on top of it. The library has placed a lot of its focus on availability, speed, and asynchronicity.

It has made scalability a possibility as each component has been provided with its own unique thread pool. When the thread numbers for each component are increased, the library gets to scale outwards through the various CPU cores. This is a crucial factor as the demands placed on the bitcoin network continue to grow with each passing day.

Libbit is available for OSX, Linux, and Windows. In addition, it is possible to leverage it using different design patterns dependent on the application or task at hand: Ruby, JavaScript, PHP, and Python.

Libbit Features Libbitcoin Explorer (BX)

BX has been able to expose more than eighty commands and is also able to support network communication with Obelisk, P2P bitcoin network, as well as Libbit-server. It has been well documented to ensure that users and developers do not encounter any issues when using it.

In addition, it also supports simple and advanced scenarios, including the use of multisig and stealth. BX can thus be described as a very rich command line that can be used by those working with bitcoin.

You can choose to build the command line as a single and portable executable for Windows, OSX, or Linux. In addition, you can also download it as an executable file for each of these operating systems.

Libbit Server

The Libbit server is a full bitcoin P2P node. It also serves as a high-performance inquiry server based on the blockchain infrastructure. This particular server reveals the custom-made inquiry TCP application programming interface that has been built on the ZEROMQ network stacks.

It is able to support client, servers, wire, and identity encryption through the use of the Sodium cryptographic library and the CurveZMQ. It also supports both simple and advanced scenarios such as the queries on stealth payments.

The library is also able to provide an API for use in creating client applications. The Libbit server has been complemented by the availability of the BX (Libbit explorer) mentioned earlier, as well as the bitcoin command line.

Libbit Conclusion

Libbit continues to hold a strong belief in the revolutionary promise that was presented in Satoshi’s first protocol. Its toolkit currently consists of applications, libraries, tests, and examples. During the development process, the development team based it on three main principles:

Privacy. Bitcoin needs to, and should always remain private for all the people using it to purchase goods and services. Scalability. It is a platform that has been built today, but one that has the potential to expand in the future when the need arises. Integrity. No single group or person should ever hold enough power to be able to compromise the principle that the network was built on.

By using a C++ bitcoin library, Libbit has made it possible for all people to create apps in a quick, and efficient manner using the most common stable codebases.

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