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Title: What is a NODE Post by: cramved on March 27, 2015, 03:02:02 AM Could someone explain to me what a bitcoin network node is and what it does in layman's terms?
Title: Re: What is a NODE Post by: notlist3d on March 27, 2015, 03:11:58 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC.
With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node Title: Re: What is a NODE Post by: cramved on March 27, 2015, 03:19:27 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC. With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node So it is kinda like a server that host the bitcoin network? Thanks for the link btw. Title: Re: What is a NODE Post by: notlist3d on March 27, 2015, 03:33:27 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC. With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node So it is kinda like a server that host the bitcoin network? Thanks for the link btw. Not a problem at all. In a way yes. They keep the history or the blockchain from beginning of bitcoin to present. When you spend BTC it is broadcast to these nodes that make sure it is a valid transaction. Valid meaning the address really does have BTC to send, and also that they are not sending it to multiple places at once (double spend). This is part of the reason you wait on conformations with sending BTC. It slowly moves through the nodes. Title: Re: What is a NODE Post by: cramved on March 27, 2015, 03:47:30 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC. With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node So it is kinda like a server that host the bitcoin network? Thanks for the link btw. Not a problem at all. In a way yes. They keep the history or the blockchain from beginning of bitcoin to present. When you spend BTC it is broadcast to these nodes that make sure it is a valid transaction. Valid meaning the address really does have BTC to send, and also that they are not sending it to multiple places at once (double spend). This is part of the reason you wait on conformations with sending BTC. It slowly moves through the nodes. So when you have a local wallet with the block chain on it is your pc becoming a node? or is it just so you have the option of making the node in the future? Title: Re: What is a NODE Post by: notlist3d on March 27, 2015, 04:10:20 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC. With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node So it is kinda like a server that host the bitcoin network? Thanks for the link btw. Not a problem at all. In a way yes. They keep the history or the blockchain from beginning of bitcoin to present. When you spend BTC it is broadcast to these nodes that make sure it is a valid transaction. Valid meaning the address really does have BTC to send, and also that they are not sending it to multiple places at once (double spend). This is part of the reason you wait on conformations with sending BTC. It slowly moves through the nodes. So when you have a local wallet with the block chain on it is your pc becoming a node? or is it just so you have the option of making the node in the future? If you are running a full client then yes. Light wallets don't become nodes. Title: Re: What is a NODE Post by: cramved on March 27, 2015, 04:13:50 AM Thanks for the help on guiding me through my bitcoin journey I really appreciate it! :D
Should I lock this thread now or keep it open incase other people have questions? Title: Re: What is a NODE Post by: lyth0s on March 27, 2015, 06:09:32 AM A full node is basically running the Bitcoin Core wallet. It's purpose is to create more connections within the bitcoin network and it maintains the full ledger (full blockchain) for verification purposes. You can even run a full node on your home pc to help support the strength of the network.
As an added benefit bitnodes has an incentive program where they make bitcoin payouts in a lottery style fashion to operating reachable full nodes: https://getaddr.bitnodes.io/nodes/incentive/ Title: Re: What is a NODE Post by: emrebey on March 27, 2015, 09:15:59 AM check out this article (http://"http://www.coindesk.com/bitcoin-nodes-need/") for a friendly explanation.
Title: Re: What is a NODE Post by: redsn0w on March 27, 2015, 09:25:14 AM The most basic I can think of is they keep the blockchain going. The more nodes the more security for BTC. With a little googling here is a little more in depth: https://bitcoin.org/en/full-node#what-is-a-full-node So it is kinda like a server that host the bitcoin network? Thanks for the link btw. Not a problem at all. In a way yes. They keep the history or the blockchain from beginning of bitcoin to present. When you spend BTC it is broadcast to these nodes that make sure it is a valid transaction. Valid meaning the address really does have BTC to send, and also that they are not sending it to multiple places at once (double spend). This is part of the reason you wait on conformations with sending BTC. It slowly moves through the nodes. So when you have a local wallet with the block chain on it is your pc becoming a node? or is it just so you have the option of making the node in the future? If you are running a full client then yes. Light wallets don't become nodes. You should also allow >8 connection (open the TCP port 8333) to your "node" to become a valid &full operative bitcoin node. See this 2 topics for more information : - https://bitcointalk.org/index.php?topic=128122.0 - https://bitcointalk.org/index.php?topic=938828.0 Title: Re: What is a NODE Post by: Amph on March 27, 2015, 11:30:59 AM it's very simply, nothing more than running your client, you will create a node , which is basically your ip
they are used in config file to speed up the connection for synching Title: Re: What is a NODE Post by: zvs on March 28, 2015, 12:47:33 PM here, use this:
http://lowendbox.com/blog/crissic-2-year-anniversary-13year-512mb-openvz-3month-512mb-kvm/#more-6669 OVZ2048 run your very own node, waste $48 a year, to help improve bitcoin security, for asic manufacturers Title: Re: What is a NODE Post by: Kimowa on March 28, 2015, 03:29:02 PM A node is basically just a connection to the network bitcoin or any other coin network.
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