9/14/2015 Day 2 - Block chain Scanner

Today we talked mostly about a way to read the block chain. We considered using a Parser in python to create transaction class and store in a hash table. Given the size of the bitcoin block chain ~44GB, we had to consider which software to use for code sharing. A lot of ideas were thrown around i.e, drop box, git hub, Hadoop, google drive and so on. We tossed around the idea of having a fancy paper title, something like in "Using Monte Carlo simulation in sampling the block chain"

First Meeting:September 9/8/2015
 

We had our first meeting today. Did a bit of background on Bitcoin: transactions, blockchain, address, shash-256, transaction hash, input, output, graphical representation of its life, reward and so on. We further stated what our main objectives:

1. Using the open source code parser available, build a database for data analysis:Monitor the change of ownership pf bitcoin every twenty-four hours. 
2. What is the longest chain of a transaction~track the life of bitcoin that are generated. We considered using the transaction hash