Cryptocurrency and Bitcoin - What is a node?
We have a lot of interest in cryptocurrencies, especially Bitcoin. Here at FIT, we have an employee investment scheme involving these currencies which allow the staff to invest in their choice of coin. We will be creating a video series around how we're keen to do more in this space.
In our first episode, Toby Skerritt is joined by Elliott McKenna as they discuss the possibility of creating a Bitcoin node, what a node is, how hosting a node is different to mining Bitcoin and the benefits that come with a node. Enjoy!
0:00 - Introduction
1:40 - What is a Bitcoin Node?
2:51 - Node vs Mining
5:06 - The benefits of hosting a node
9:54 - The options and why we have taken one path over the other
13:37 - Next steps for creating the node
19:08 - Next video