Cryptocurrency Information Bureau News: Use a Bitcoin node to participate in economic activities! We will explain its importance and how to set it up in an easy-to-understand way. #Bitcoin #Node #Cryptocurrency
Video explanation
What is a Bitcoin "node"? Your participation will make Bitcoin stronger!
Hello everyone! I'm John, your blockchain guide.
Recently, the word "Bitcoin" has been appearing more and more in the news and on the Internet. Many people may be thinking, "It seems like some kind of new money technology, but it seems a bit complicated..."
Today, I would like to introduce a very important system that supports the Bitcoin world behind the scenes:node" and not just have that node, "Actual useAs always, I would like to explain in an easy-to-understand way why " is important! Even if you are a beginner, please relax and read on.
Bitcoin and "nodes": Let's start with the basics!
First, let's briefly review what Bitcoin is.
Bitcoin is a cryptocurrency that can be used on the Internet.Digital moneyIt is a type of cryptocurrency. Unlike the yen or dollar, it is not managed by a country or a bank, and its main feature is that people all over the world can send and receive it directly on a P2P (peer-to-peer, that is, between individuals) basis. The technology that supports this system is called "blockchain."
Now, let's move on to today's main character,node"What does this mean?
- Simply put, a node isComputers and software that participate in the Bitcoin network (a large shared ledger of transactions and other information)You read it right!
- These nodes, scattered all over the world, check each other to ensure that Bitcoin's rules are being followed properly (for example, is a transaction like "Person A sends 1 Bitcoin to Person B" correct, and that there is no double spending) and that there are no errors in new transactions.
- As an image,Participants are honest and hardworking, all bringing the same rulebook (the Bitcoin program) and monitoring each other's transactions to ensure there is no fraud.It's like that.
The existence of these many nodes allows Bitcoin to function autonomously without relying on a single administrator or organization.
Why are nodes so important? What does decentralization mean?
The reason nodes are so important to Bitcoin is thatDispersed” (pronounced "hichuou shuken"; a state in which there is no central administrator).
- What if Bitcoin were managed by a single company or organization? That organization might be attacked or make inconvenient rule changes.
- However, with Bitcoin, a large number of nodes scattered around the world each independently verify the rules and reach a consensus (where everyone agrees that "these are the correct rules").
- Therefore, even if some nodes malfunction or attempt to launch malicious attacks, the majority of other honest nodes will point out "That's wrong! That's breaking the rules!" and the security of the entire system will be maintained.
That is, the nodeThey are the "unsung heroes" who protect Bitcoin's fairness, transparency, and above all, security.!
What is an "Economic Bitcoin Node"? Is just running a node not enough?
Well, here is the core part of this article (Economic Bitcoin Nodes: Why You Need To Use Your Node For It To Matter). More and more people are interested in "running their own node", but actually,Simply running node software on your computer does not give your "voice" over Bitcoin's rules a strong enough impact on the network.It might be.
You might be surprised and ask, "What does that mean?"
The people who have real meaning in the Bitcoin network, that is, who have influence over Bitcoin's rules (such as the total issuance of Bitcoin being limited to 2100 million), are the "Nodes with economic activity" The original article points out that this isA node that actually verifies economic transactions such as sending and receiving your own Bitcoin through its own nodeYou read it right!
For example, it looks like this:
- Just having the right to vote (= moving a node) does not mean that your opinion will be reflected in politics.
- Only when you actually go to a polling station, fill out a ballot of your own volition, and drop it in the ballot box (i.e. conduct a transaction using your node and verify it on your node) will your "vote" be counted and have meaning.
Simply running a node is like having the right to vote, but just watching TV at home. The network has no way of knowing what rules you support.
Why is it so important to “validate transactions on your own node”?
So why is it so important to use your own node to validate your own transactions?
When you link your Bitcoin wallet to your node and make a transaction, your node declares to the entire network that "this transaction follows the correct rules of Bitcoin and I accept it." This is a concrete action of "supporting" the rules of Bitcoin.
What would happen if many users didn’t use their own nodes, but instead left transaction validation entirely to a third party (such as a large exchange or online wallet service)?
- In that case, final confirmation that Bitcoin rules are actually being followed would be left to a very small number of service providers.
- This carries the risk of moving in the opposite direction to the "decentralized" that Bitcoin aims for, that is, approaching a "centralized" state. If that happens, if the small number of service providers become malicious or are forced to change the rules due to external pressure, the foundations of Bitcoin may be shaken.
That is whyUsing your own node to verify your own economic activity is like declaring, with your own voice and under your own responsibility, "I support these Bitcoin rules!"With the accumulation of such active participation from individuals, the rules of Bitcoin will become stronger and more reliable, and no one can bend them.
This can be seen as an embodiment of Bitcoin's founding philosophy of "users controlling the financial system."
Is there anything a beginner can do?
Some of you may be thinking, "Hmm, running a node by myself and then linking it to my wallet seems really difficult..." It's true that starting from a state with no technical knowledge requires some learning and effort.
But the most important thing is,Why doing so would be good for Bitcoin""How your actions affect" It is important to understand the background to this.
- Even if it's difficult now, if you want to use Bitcoin more actively in the future, just being able to remember, "Oh, by the way, John said that it's better to verify your transactions on your own node as much as possible," will be a big step forward.
- Alternatively, when choosing a Bitcoin-related service, it may give you an opportunity to consider, "Is this service designed to make it easy for users to use their own nodes?"
Bitcoin is a system that is created by all participants. Even if you can't do advanced things right away, having this knowledge will be a step towards improving the network. Don't rush, and deepen your understanding little by little!
John's words
After reading this article, I realized that the interesting thing about Bitcoin is not just that it's a new technology, but that it's also about the participatory aspect of "everyone following the rules and developing it together." It's kind of exciting to think that your own small actions can contribute to the health of a larger system! I hope to continue exploring the world of blockchain with you all.
This article is based on the following original articles and is summarized from the author's perspective:
Economic Bitcoin Nodes: Why You Need To Use Your Node For It To Matter