What you’ll learn
- Bitcoin functions & participants
- Running a Full Node
- Storing the Blockchain
- Routing Transactions
In the previous article in this section we looked at an overview of the architecture of Bitcoin as a decentralised monetary system running across a peer-to-peer network. Keeping things high-level, we split the architecture into two broad components. The rules that define how Bitcoin works as a monetary system, delivered as a piece of software and a hierarchy of network participants who run it.
In this article we’ll flesh out more details of the essential system functions and then look at the first of the network participants – a Full Node. Full Nodes play a crucial role in fulfilling Bitcoin’s core functions and enabling others to connect to the network.
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