Bitcoin QT wallet tutorial

Tutorial: Test MSC – BTC Distributed Exchange Transactions

(please note this is a work in progress, do not test with amounts that you cannot afford to lose)

Note that if you are using blockchain.info you will need to use bitcoin-qt to sign the raw transaction. Keep in mind that this process is for testing purposes and is not the final end-user / consumer process.

Requirements:

• Bitcoin-QT client
• positive BTC balance (to buy and sell MSC)
• positive MSC balance (to sell MSC)

How to: MSC Sell Offer

1. Open the Bitcoin client and navigate to help->debug window and press on the ‘console’ tab
2. First we will verify the transaction. ” : “nonstandard”‘ somewhere. In the future we will make sure the Mastercoin data itself is encoded correctly as well. But for now these are the checks you should do.
3. If you are happy with the result sign the transaction using your private key. Begin by unlocking your wallet; type walletpassphrase 15. This will unlock your wallet for 15 seconds.
4. Type signrawtransaction and paste the raw transaction string in again.
5. If all goes well you should see something that says: {hex:, completed: true}. Copy the part after hex.
6. Broadcast the transaction over the network by typing sendrawtransaction and paste in the latest string.
7. If all went well you should have gotten the transaction hash as output.