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Posted by Chuck Reynolds on April 23, 2017 - 2:52pm


Bitcoin Addrindex vs Bitcoin Knots

Most cryptocurrency enthusiasts are well aware

of how there are multiple forks of Bitcoin Core’s branch of development. In fact, we recently highlighted three of such concepts, all of which offer their own advantages. As it turns out, there are quite a few more Bitcoin Core forks, and we will highlight Bitcoin Knots and Bitcoin Addrindex in this article.

Bitcoin Addrindex

Prominent figures in the world of bitcoin development often create a fork of Bitcoin Core to tinker around with in their spare time. BTCDrak is one of the many Bitcoin developers in the world today, and he launched his own Bitcoin Core fork back in 2014. Under the name Bitcoin Addrindex, this copy of Bitcoin Core lets users look up bitcoin addresses to discover previous transactions, similar to how block explorers work.

Although this fork of Bitcoin Core may not have a big appeal to the average bitcoin user, it is an invaluable tool for building applications on top of the bitcoin blockchain. Rather than using an API or other third-party data providers to retrieve blockchain information, developers can implement Bitcoin Addrindex to obtain the information through the client directly. In fact, services such as Counterparty and the Blockscan block explorer have seen the value in Bitcoin Addrindex so far.

It is good to see Bitcoin Core forks that are not necessarily oriented towards consumers. Bitcoin Addrindex has no convenient user interface, yet provides a great deal of functionality that may end up replacing the need for third-party block explorers and APIs altogether. Everyone can run their own instance of Bitcoin Addrindex at any given time. Quite a valuable tool for coders who are venturing into the bitcoin world.

Bitcoin Knots

Another popular bitcoin Core fork goes by the name of Bitcoin Knots, which is a creation by Luke Dashjr. Bitcoin Knots has been around since 2011, yet still receives timely updates to keep up with Bitcoin Core development and features. The name “Knots” was not chosen randomly either, as it has a biblical reference. Moreover, it also refers to how code is merged, which is especially true in the world of bitcoin and cryptocurrency.

Bitcoin knots differentiates itself from Bitcoin Core in quite a few different ways. First of all, the solution provides more mempool policies. Second, node operators and miners can make use of advanced mining configuration tools. To be more specific, it is possible to enable first-seen opt-in replace-by-fee or just sticking with full replace-by-fee mempool policies. Unconfirmed transactions can also be accepted or rejected, plus miners can lower the block size of blocks mined by them.

Anti-spam measures are found within Bitcoin Knots as well, including determining how many low-fee transfers are included. It is evident Bitcoin knots can serve as a Bitcoin Core testbed, In fact, there are quite a few additional features listed on the website, even though not all of these additions have been tested by the public per se. It is an intriguing branch of bitcoin development to keep an eye on, that much is certain.

Chuck Reynolds
Contributor