Living in an stone age

in cryptocurrency •  7 years ago  (edited)

I was wondering after I make transaction why I have to wait my transaction to be validated from the Bitcoin network. Transaction is finished, so everything has to be good. But, then you have to be able to be patient until network validates that there is no invalid transaction.

So who is responsible to ban some malicious peer (possibly it might be some bitcoin miner) that generates this invalid transaction. Full Bitcoin Node it is. So, which PC is Full Bitcoin Node?

Does my PC is Full Bitcoin Node? No it is not. Why? Because it has to be part of the Bitcoin network. So, how can my PC be able to be part of Bitcoin Network?

You have to use some software right? So, I am pointing to the Bitcoin Core software (https://bitcoin.org/en/bitcoin-core/). Then, what this software provides? It is Bitcoin wallet PC desktop software.

My next question is: What this software requires from your PC? It requires a lot of memory and hard drive space, because it stores copy of entire blockchain Bitcoin network information. Does any desktop wallet PC is a Full Bitcoin Node? No. If you don't have enaugh memory and storage on your PC, then your PC is Light Bitcoin Node, makes only transactions and creates interaction with Full Bitcoin Node for validations.

Then goes next stupid question? If I have Bitcoin online wallet does my PC is Full Bitcoin Node? No. It is not. Full Bitcoin Node is online wallet provider, where many PCs (bitcoin currency owners) have created there their bitcoin wallet.

And finally does bitcoin miners are Full Bitcoin Nodes. They might be if they are able to store blockchain information needed for validation. But, not any bitcoin miner is Full Bitcoin Node.

Then I was wondering are there Full Bitoin Nodes in my country? I guess you know the answer. No. There are not.

Bitoin Nodes countries.jpg

You wonder where do I live. In Republic of Macedonia actually. In a stone age though.

At least what to do to be an an Full Bitcoin Node that validate transactions. You need PC with a lot memory and storage space, Bitcoin Core software, free 8333 TCP port for exchanging Bitcoin data and then go check if you rock at https://bitnodes.earn.com/.

/bitcoin - It addresses bitcoin coin cryptocurency term
/Bitcoin - It addresses Bitcoin network as a whole term

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