How to Set Up and Run the Spacemesh Programmable Cryptocurrency

Mar 26, 2022 | Blockchain

Welcome to the future of cryptocurrency! In this guide, we will walk you through the steps to set up and operate Spacemesh, a unique programmable cryptocurrency that combines decentralization with a race-free consensus protocol to create a secure blockchain environment.

What You Need to Know Before Starting

Spacemesh aims to form a decentralized computer by utilizing the home PCs of users around the world. It employs a new consensus protocol that avoids the energy-wasting methods common in other cryptocurrencies. This guide will provide you with all the necessary steps to get started, from installing dependencies to launching your own node.

Prerequisites

  • Computer with Linux (GLIBC 2.34+), macOS 13 or later, or Windows 10 or later.
  • Git installed on your machine.
  • Go version 1.22 or later.
  • Basic understanding of command line operations.

Getting Started

Follow these steps to set up your local development environment:

1. Clone the Repository

Open your terminal and run:

git clone git@github.com:spacemeshos/go-spacemesh.git

2. Ensure Go Modules Are Set Up

Make sure to place your cloned project outside of your $GOPATH. You can read more about Go Modules here.

3. Install Dependencies

Run the following commands to ensure you have all dependencies:

make install

And confirm the setup:

make go-env-test

4. Build the Application

Now we are ready to build the application:

make build

If you are on FreeBSD, then use:

gmake build

5. Run a Standalone Node

To launch your standalone node, use the command:

.build/go-spacemesh --preset=standalone --genesis-time=2023-06-08T5:30:00.000Z

This will create a local network and allow your node to start contributing to the Spacemesh ecosystem!

Understanding the Code Behind Spacemesh

Think of Spacemesh as a vending machine: each home PC is like a vending machine that supplies resources to the network. Instead of individual machines straining against each other (as in the PoW system), they cooperate, delivering their items (computational power) to ensure that all machines work flawlessly together without wasting energy.

Troubleshooting Steps

If you run into any issues during your installation or operation, here are some troubleshooting suggestions:

  • Check to ensure all dependencies are installed properly. Make sure your Go version is up to date.
  • Verify that your terminal’s command line commands are being input correctly—small typos can lead to errors.
  • If you encounter network issues, ensure your firewall settings allow connections on the required ports.
  • For more insights, updates, or to collaborate on AI development projects, stay connected with fxis.ai.

Conclusion

Spacemesh presents exciting new paradigms in cryptocurrency, enabling you to participate in a decentralized network effectively. Follow these steps closely, and soon your home PC will be contributing to this brave new financial world!

At fxis.ai, we believe that such advancements are crucial for the future of AI, as they enable more comprehensive and effective solutions. Our team is continually exploring new methodologies to push the envelope in artificial intelligence, ensuring that our clients benefit from the latest technological innovations.

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