Running your own bitcoin node is one of the best ways to support the network and protect your privacy. In this thread ๐งต I'll explain what a node is, why you should run one, and how to get started. #Bitcoin #Node #Privacy ๐
Discussion
1/ A node is a software that validates transactions and blocks on the bitcoin network. It keeps a copy of the entire blockchain, which is currently about 400 GB in size. By running a node, you can verify that no one is cheating or changing the rules of the network. ๐ง
2/ Running a node also gives you more privacy, because you don't have to rely on third-party services to send and receive transactions. You can connect your node to your own wallet, or use it as a backend for a lightning network node. โก
3/ To run a node, you need a computer with enough storage space, bandwidth, and power. You can use an old laptop, a Raspberry Pi, or a dedicated device like Nodl or Umbrel.
4/ Once you have the software installed, you need to sync your node with the network. This can take several days or weeks, depending on your connection speed and hardware. You can check the progress of your sync by opening the bitcoin core GUI or using the command line. ๐
/5 After your node is fully synced, you can start using it to send and receive transactions. You can also configure it to accept incoming connections from other nodes, which helps the network stay decentralized and resilient. ๐
6/ Running your own bitcoin node is not only good for the network, but also for yourself. You get to learn more about how bitcoin works, improve your security and privacy, and contribute to the future of money. I hope this thread inspired you to run your own node or learn more about it. #BitcoinNode #LearnBitcoin #BeYourOwnBank ๐