Overview

What is Bitcoin?

MyNode's primary purpose is to run a full Bitcoin full node. Bitcoin is a revolutionary protocol to transact value between two parties without a trusted intermediary.

What is a full-node?

A full node verifies every block mined by miners and relayed by its peers before adding it to the chain. It also broadcasts transactions of users to be mined and maintains a pool of pending transactions.

Benefits

• Trustless: Have a personal copy of the entire verified transaction history
• Privacy: Check your balance and transactions without leaking any information
• Censorship resistance: It also enables broadcasting of transactions without fear of censorship.
• Network resilience: independently validate blocks to increase security and resilience

Features

• Private by default: Hide your IP behind Tor
• CLI on GUI: Use bitcoin-cli commands from your browser
• Flexible: Customize configuration and connect any apps via RPC

Hardware Limitations

• The number of CPU cores used by MyNode is fixed at the number of available cores minus 1 to limit CPU usage.
• On devices with little RAM, Bitcoin will limit RAM usage to prevent low memory issues

Specs

• Version: 0.21.1
• Memory required: 335 GB (as of Aug 23, 2020)
• Data location: /mnt/mynode/bitcoin which is also linked at /home/bitcoin/.bitcoin