Validation Nodes: Defined
Validation Nodes are,
In TCP/IP Networking:
A node is a single stand-alone CPU/Computer running a specific software.In Bitcoin Networking:
A node is a Bitcoin program which connects to other Bitcoin nodes, i.e. other Bitcoin programs on the same machine, or on other machines which can be across the street or on the other side of the planet.There are several types and several versions of Bitcoin software.
By picking a specific version of a specific Bitcoin program, a user “votes” for certain changes in the Bitcoin protocol.
Example:
- When bitcoin increases from 21 million total BTC to 42 million, the majority of the network is required to vote “yes” by installing the software implementing this change.
- Code changes are, thus, democratic.
- The fact that there are very few Bitcoin nodes out there: a mere 10000 currently.
- Neither number is very impressive from a global perspective. According to some calculations, running a Bitcoin node on AWS (Amazon’s cloud service) costs around $10 per month, and that is cheap.
- To purchase 10000 brand new nodes takes $100,000 per month, andy $1.2m per year.
- Regards any Bitcoin industrial miner company all gross in billions and unchecked by IRS should share the wealth, but are only greedy.
- A list of node software you can install, along with their pros, cons, and special features, can be found here.
- It’s important to note that validation nodes are purely an expense for the users running them. They give their users nothing.
- CryptoCurrency nodes need around 500GB-to-1TB of disk space, 16GB-to-64GB of RAM, an uncapped internet connection with at least 1024kb of constant upload speed available just to run.
- Currently, it is not uncommon to need to upload over 200 GB of traffic per month when running a single node.
- Validation nodes are volunteer nodes.
- Validation nodes are useful for the system’s decentralization.
- Validation nodes become ever more expensive to run, and the number of nodes drop.
- This mounting disillusion with Bitcoin’s theoretical decentralization due to the fact that bankers seem to have taken over the protocol’s of ASIC/Bitcoin.
- The fact that Bitcoin’s price is being pumped by crime syndicates, government black projects, cabal of financial institutions.
- with Bitcoin there is no surprise that the number of nodes dropped by 20% in a single month – from 12000 to 10000.
- As more bitcoin nodes disappear, so does centralization.
- This slow hostile takeover, becomes more and more obvious by the private financial institutions.
- Private financial institutions always much to be admired.
Mining Nodes:
A mining node is a validation node which also uses the hardware of your own or a rented machine to guess the combinations of numbers and letters needed to validate and verify a block.A mining node can team up with other nodes and send guesses to a common pool (pool mining) to increase chances of guessing, but then counts as only one node.
A mining node is the only bit of software which can “produce” new Bitcoin.
A cryptocurrency mining node is a network that resolves transactions needed to “seal” the cryptocurrency into complete coin blocks.
Validation-Nodes also processes emails, contacts, special sources of information, security checks, and produces new safe mediation of cryptocurrencies.
A validation node makes sure cryptocurrencies are all genuine coins, and passes the information along to other nodes, thus enabling the transfer of monetary value from location A to location B.
Mining nodes are a subset of other validation nodes on the cryptocurrency web-ring of servers, and every mining node is also a validation node and vise versa.
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