Socratic Seminar #14

Welcome to BitDevsUyo's Fourteenth Socratic Seminar!

Thank you to our sponsor Btrust

📍Details

• Date: August 29, 2026
• Time: 14:00- 16:00
• Location: CafeOne UYO, 162 Oron Road, Uyo (Map)

Agenda

1. Bitcoin Transactions: Core Concepts

• Mastering Bitcoin: Chapter 6 - Transactions
• Bitcoin Developer Documentation: Transactions
• What is a Bitcoin Transaction?: Understanding how transactions move value across the network.
• The UTXO Model: How inputs, outputs, and unspent transaction outputs (UTXOs) work.

2. Setting Up Polar

• Polar Website — One-click Bitcoin & Lightning development networks.
• Polar GitHub Repository
• Download & Setup: Installing and configuring Polar for local development.
• Creating a New Network: Spinning up a local Bitcoin regtest network.

3. Hands-On Demonstration with Polar

• Mining New Bitcoin via Polar: Mining regtest blocks directly within Polar to generate initial coins.
• Creating a Wallet: Setting up a new wallet on a node to receive funds.
• Viewing Unspent Transactions (UTXOs): Checking wallet balances and viewing unspent transactions (listunspent).
• Sending a Simple Transaction: Observing how a transaction spends an existing UTXO and creates new outputs.

🏛 House Rules

• Follow Chatham House Rule
• No photos, videos, or recordings
• Keep the space clean
• Learn about BitDevs
• Have ideas for our next seminar? Suggest topics here