I'm a developer and run a full node of Bitcoin.
I have several shops where I plan to start accepting bitcoin payments. The volume I invision in the beginning would be rather small.
(1) What'd be a simple algorithm for how to get started with it?
Would I have to generate (N of shops * 100) addresses first? And then map each of 100 to a shop? And then at checkout give a user one of those addresses and then watch when the 1st confirmation arrives, by doing poll from my shop to my full node server, remotely, via RPC?
(2) Also, how would I actually properly create a wallet for this? I'll need that wallet to be watch-only.
(3) Would I be able to somehow connect my Electrum client-walltet to that bitcoin watch-only wallet so that I could how much of bitcoins there're in it?
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I don't consider third-party solutions such as BTC server or Electrum server. I use Electrum as a wallet only.
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source https://www.reddit.com/r/btc/comments/j917ia/algorithm_for_starting_to_accept_payments_in_btc/
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