Ethereum Nodes And What You Need To Know About Them

Blockchain technology has paved the way for huge advancements in technology, not limited to just cryptocurrencies like Bitcoin and Ethereum. While decentralized networks and peer-to-peer transactions are a bonus, Ethereum has set its sights on other uses for the technology, including the creation of several decentralized applications. In order to fully understand Ethereum, it’s essential that you understand Ethereum nodes and their purpose.

What Is An Ethereum Node?

Ethereum nodes are one of the basic foundational blocks of the Ethereum network, and the “node” actually refers to the computer that runs software in order to complete specific functions on the network.?According to CoinDesk,?there are three different types of nodes that can be run by anyone: light nodes, full nodes, and archive nodes. Each type of node interprets data in a different way, as well as offering their own unique methods for synchronization.

1. Full Nodes

Full nodes are, as their name implies, full of data. These nodes store and distribute all of the blockchain data found on the Ethereum network. In addition to storing and sharing data, full nodes can even do some of the block validation work by verifying blocks and states on the network.

A full node can also interact directly with smart contracts contained on the public blockchain, or launch smart contracts into the public blockchain. Despite their advantages, full nodes can take a huge toll on your computer’s hardware and bandwidth alike, making them less attractive to some users.

2. Light Nodes

Similarly to full nodes, light nodes also store data, though not nearly as much. Light nodes contain only header chain data like the basic information stored in every block, such as the timestamp and hash of the prior block. Light nodes only get more data if there’s a request, meaning they hold significantly less data than their full-node counterparts.

Light nodes can help verify data, but don’t actually fully perform block validation on their own. Light nodes are usually implemented when dealing with remote clients and are the most accessible nodes to use on mobile devices because of their light data load.

3. Archive Nodes

Archive nodes store all of the data that full nodes do, while also building an archive of blockchain history. This historical data gets stored even after the client has completed synchronization. The average user can’t get too much use out of archive nodes, but they are effective when used for chain analytics, wallet vendors, and block explorers.

What Are The Pros And Cons Of Running Your Own Node?

Before running your own node, take a look at the following lists of pros and cons to determine if it’s right for you.

In Summary

Running your own Ethereum node can bring you several benefits, including having full custody of your own digital assets and a greater sense of security and privacy. Similarly, it could also cause you several problems with its high maintenance, unreliability, and technicalities. Those who decide to take on the task of running their own node will be helping to keep Ethereum a safe, secure, and robust network, as well as benefiting themselves and better securing their own funds.

Article Link - Ethereum Nodes And What You Need To Know About Them

Author - Jessica Aurelia

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