Lightning Series: Running a Node with Openoms & Rootzoll

 
 
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“If you’re not in control of your keys it’s not your bitcoin...and it’s a little the same with your node; not your node, not your rules…”
— Rootzoll

SHOW DESCRIPTION

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.

TIMESTAMPS

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

 

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SHOW NOTES

Connect with Openoms:

Connect with Rootzoll:

Mentioned in the interview:

Other Relevant WBD Podcasts:

PodcastPeter McCormack