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This could be significantly more optimized if we avoided crossing the JNI barrier as often, but as it is its waaay faster than BouncyCastle.
To get started, ensure you have the latest JDK installed, and download Maven from: http://maven.apache.org/ Then run "mvn clean package" to compile the software. You can also run "mvn site:site" to generate a website with useful information like JavaDocs. The outputs are under the target/ directory. Alternatively, just import the project using your IDE. Most good ones have Maven integration. Now try running one of the example apps: cd examples mvn exec:java -Dexec.mainClass=com.google.bitcoin.examples.PingService It will download the block chain and eventually print a Bitcoin address. If you send coins to it, you should get them back a few minutes later when a block is solved. Now you are ready to follow the tutorial: https://code.google.com/p/bitcoinj/wiki/GettingStarted