What is the usage of daemon?
Could you elaborate on the purpose and application of a daemon in the realm of cryptocurrency and finance? Specifically, how does it contribute to the functionality and security of blockchain-based systems, and what are some common use cases where a daemon plays a pivotal role? Understanding its role within the broader ecosystem is crucial for anyone navigating the complex landscape of digital assets.
How do I use the Bitcoin Core daemon (bitcoind)?
Could you elaborate on the steps involved in utilizing the Bitcoin Core daemon, commonly referred to as 'bitcoind'? I'm interested in understanding how to set it up, configure it for my needs, and execute commands to interact with the Bitcoin network. Additionally, I'd like to know about any security considerations or best practices I should be aware of while running a bitcoind node. Can you provide a brief overview of the installation process, as well as any dependencies or requirements that need to be met before getting started? Thank you for your assistance in this matter.