There are many reasons why you should run your own Bitcoin node. You’ve probably run across the mantra, “Don’t trust, verify” while falling down the Bitcoin rabbit hole. Even though full nodes are vital to the functioning of Bitcoin, many don’t know what it is. The Bitcoin network is made up of thousands of nodes that verify every single transaction on the blockchain. Be one of them!
What is a full node?
- Validates blocks and transactions.
- Has a local copy of the whole blockchain.
- Relays blocks and transactions to and from other nodes.
- Serves data to lightweight clients (such as mobile wallets).
It’s completely voluntary and not a requirement to have one to be able to make transactions. But doing so comes with a few personal benefits and helps strengthen the Bitcoin network.
Why should I run a node?
Protect your privacy
Remove the need to trust third parties
Having a node means you don’t have to rely on or trust someone else when sending or receiving transactions. Every transaction you make is validated and relayed through a node: if not yours, someone else’s. By having your own, you can be sure that the transactions you receive are valid, confirmed and mined into a block. An unknown node owner will ill intent could try to defraud you by providing misleading information.
Make Bitcoin more decentralized
How can I get started?
Most of my understanding and appreciation for Bitcoin has come from just trying things. I’ve transacted on different platforms, configured hardware wallets, set up full nodes, and more. By using Bitcoin as a tool and not solely a financial investment, you form a deeper understanding of how useful, powerful and revolutionary it is, so better get started today!