The public has latched onto the recent market events with an intense curiosity brought about by a greed for instant riches. In the last year alone, the value of Bitcoin has risen by 1,731%. We’re talking gold rush V2.0, baby. Money talks, and with a resounding $615 billion held up in cryptocurrencies, it is clear why this is assuredly not the first cryptocurrency article you have read — maybe even today. An unfortunate side effect of mass interest in a subject is the wildfire-like spread of misinformation. So, what exactly is a blockchain, and what can you still do now that everyone has finally jumped on the cryptocurrency bandwagon?
[Kendrick] was looking for something to do with an ESP8266 WiFi module, and since he loves Bitcoin and Arduino, the obvious solution was to make a Bitcoin price tracker.
The ESP8266 is a complete microcontroller with a WiFi chip and a few pins for a serial connection. It’s certainly possible to write some firmware for the ESP to get the current conversion rate of Bitcoin, but for simplicity’s sake, [Kendrick] chose to use an Arduino for this project. He’s using a 5V Arduino, and the ESP operates on 3.3V logic, but a few Zeners take care of the logic level conversion.
The code running on the Arduino checks the CoinDesk API minute, parses the JSON coming from the API, and prints the current Bitcoin price to the serial port. For tracking the current conversion rate of Bitcoin, it’s vastly overkill. This project could have a few interesting applications, from hooking up a few seven-segment displays, to an RGB LED mood lamp that keeps track of this magic Internet money.