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Bitcoin Q&A: Why running a node is important


    Rating 4.02 (2 votes)

     08/04/2018



    How important is it to be running a normal Bitcoin node or a Lightning Network node, as a user of bitcoin? Don't trust; verify. If you don't independently validate that your transactions have been confirmed, you are delegating responsibility to third parties to give you accurate information on the state of the blockchain, from infrastructure you don't control. The cost of light wallets is certainty. Decentralisation is important in every aspect of the network: chip manufacturing, mining equipment ownership, geographic distribution of mining and non-mining nodes, and variety in types of connections to the network.

    This is a question from the patron-only live Q&A which took place on December 16th 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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    Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

    Follow on Twitter: @aantonop https://twitter.com/aantonop
    Website: https://antonopoulos.com/

    He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

    THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

    [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

    MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

    [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

    Subscribe to the channel to learn more about Bitcoin & open blockchains!

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