What Bitcoin Did

View Original

Lightning Series: Running a Node with Openoms & Rootzoll

Peter McCormack

Interview | Description | Timestamps | Show Notes

See this content in the original post

iTunes | Google | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Your browser doesn't support HTML5 audio

Lightning Series: Running a Node with Openoms & Rootzoll - WBD372 Peter McCormack

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

See this content in the original post

Location: Remotely
Date: Wednesday 7th July
Project: RaspiBlitz
Role: Role: Developers

Bitcoin operates thanks to a decentralised network of nodes whose job it is to maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain.

Setting up a Bitcoin & Lightning node can be a daunting task for those that aren't technical, but there are now a number of simple 'plug and play' style nodes like Umbrel, MyNode and Raspiblitz.

In this second episode of our Lightning series, I talk to RaspiBlitz developers Openoms and Rootzoll. We discuss the importance of running a node, tradeoffs between custodial and non-custodial wallets and the different node solutions available.

See this content in the original post

00:03:29: Introductions
00:04:59: Background to RaspiBlitz
00:07:40: The Bitcoin node
00:10:26: A Lightning node
00:17:26: Custodial wallets
00:20:07: Opening channels
00:22:39: Routing sats payments
00:25:06: A channel explained
00:29:37: Lightning Network vs basechain
00:35:18: Custodial vs non-custodial service
00:36:57: Requirement for nodes in El Salvador
00:42:23: Different node options
00:47:23: Nodes running offline
00:49:20: Backups
00:50:25: Liquidity on the Lightning Network
00:55:13: Early stages of Lightning
00:58:28: What more for Lighning?
01:03:21: Final comments

See this content in the original post

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

See this content in the original post

Connect with Openoms:

Connect with Rootzoll:

Mentioned in the interview:

Other Relevant WBD Podcasts:

See this content in the original post