“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” - Satoshi Nakamoto, creator of Bitcoin. Satoshi didn't have time, but we do. We hired someone to explain BTC to you 👇
“Bitcoin node” is a term used to describe a program that interacts with the Bitcoin network in some way. It can be anything from a mobile phone operating a Bitcoin wallet to a dedicated computer that stores a full copy of the blockchain.
Where a full node downloads all blocks to validate them, light nodes only download a portion of each block . Though the block header is tiny in size, it contains information that allows users to check that their transactions are in a specific block. But in order to mine without relying on anyone else, miners need to run a full node. Otherwise, they can’t know what transactions to include in the block.
A handful of Bitcoin-oriented companies offer plug-and-play nodes. Pre-built hardware is shipped to the user, who just needs to power it on to begin downloading the blockchain. This can be more convenient for less technical users, but it’s often considerably more expensive than setting up your own.
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