In this tutorial, we will show you how to install and configure the Bitcoin Core Wallet on Ubuntu 16.04 LTS. For those of you who didn’t know, Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that blockchain, making it the Bitcoin blockchain that everyone else wants to use. It is these users who keep Bitcoin decentralized. They individually run their own Bitcoin Core full nodes, and each of those full nodes separately follows the exact same rules to decide which blockchain is valid.
This article assumes you have at least basic knowledge of Linux, know how to use the shell, and most importantly, you host your site on your own VPS. The installation is quite simple and assumes you are running in the root account, if not you may need to add ‘sudo’ to the commands to get root privileges. I will show you through the step-by-step installation of Bitcoin Wallet on a Ubuntu 16.04 (Xenial Xerus) server.
Install Bitcoin Core Wallet on Ubuntu 16.04 LTS
Step 1. First, make sure that all your system packages are up-to-date by running the following apt-get commands in the terminal.
sudo apt-get update sudo apt-get upgrade
Step 2. Installing the Bitcoin Core Wallet.
First, add the PPA repository and install Bitcoin open a terminal window:
add-apt-repository ppa:bitcoin/bitcoin apt-get update
Finally, install the Bitcoin core itself. Enter “Y” when asked for permission to continue:
apt-get install bitcoin-qt bitcoind
Once installed, Bitcoin Core wallet can be started from Unity Dash or your preferred app launcher or Bitcoin Core can be started from the command line with:
Congratulations! You have successfully installed a Bitcoin Wallet. Thanks for using this tutorial for installing Bitcoin Core Wallet on Ubuntu 16.04 LTS (Xenial Xerus) system. For additional help or useful information, we recommend you to check the official Bitcoin Core Wallet website.