Nodes are computers that are connected to other computers that follow rules and share information. A ‘Full Node’ is a computer on the Bitcoin peer-to-peer network that hosts and syncs copies of the entire Bitcoin blockchain. Nodes are critical to keeping the crypto asset network running
How to Set Up Full Node
Setting up a full node is quite easy. There are three methods by which you can set your own full knot.
The first method involves running nodes in the cloud. You need to set up yourself with an account on Amazon Web Services (AWS) or Google Cloud. Next, you need to create a virtual machine (VM) instance to speed up connection and sync to the cloud from your machine. Make sure you configure firewall rules to ensure that your instances are not easily breached. Finally, you need to download Bitcoin Core, the software required to run bitcoin, and configure the appropriate port settings on your computer to the cloud.
The second method is similar to the first, but this time Bitcoin Core is running on your local machine. Running a bitcoin node requires a minimum of 350 gigabytes of disk space and 2 gigabytes of RAM. You must also have an internet connection speed of at least 50 Kbps and generous upload and download limits. (Preferably have connection without upload and download limitations). Several websites and videos include instructions for configuring the Bitcoin Core client. The first instance of downloading and syncing with the bitcoin blockchain could take a few days. However, the next example should be faster
The third method for setting up bitcoin full nodes is the “node-in-a-box” option. As the name suggests, this method consists of a pre-configured full node of bitcoins that can be connected to your computer. They come with an interface for you to manage the device and view the data that is on it. As a result, this option outsources the grunt work of downloading and saving the bitcoin blockchain to an external device that is mobile and consumes less power compared to your personal system.