Satoshi’s NODE – digital expansion #bitcoin #data #education

Video Transcript

Bitcoin nodes what are they and why are they important and what is the history of them let’s have a look Bitcoin nodes store all of the transaction data of the blockchain and who was the first node that would have been Satoshi he would have shared all of the transaction data

Of the blockchain up to date with everyone else you can think of the nodes as the digital decentralized expansion of the Bitcoin network but the crazy thing is that’s not how Bitcoin know noes originally were functioning in the beginning you were mining managing your wallet and storing all of the data

Within the node itself let’s have a look when Satoshi began running his node he would have run the software produced his own blocks of Bitcoin stored all of that transaction data and managed the money of his wallet what’s happened now is all of these different roles have segregated into different Industries mining running

Pools managing nodes and wallet applications