On this article, I enumerate the prices of organising and operating a node in Nigeria, knowledgeable by my expertise of operating one over the previous couple of years. I additionally provide some value mitigating recommendations to hopefully encourage extra participation on the bitcoin community.
Earlier than exploring the prices concerned: What’s a bitcoin node?
A bitcoin node is software program that connects to the Bitcoin peer-peer community. A node receives, validates and broadcasts transactions/blocks to different nodes on the community, in line with the community guidelines. Ted Stevenot concisely described nodes as the messengers and rule keepers of Bitcoin.
