Blockchain & Cryptocurrency Glossary

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Full Node

1 min read
Pronunciation
[fool nohd]
Analogy
A full node is like a responsible librarian who keeps a complete copy of all books (transactions), verifies each new book matches the library's standards before adding it to the shelves, and shares books with visitors—all without needing to ask anyone else if the books are legitimate.
Definition
A computer on a blockchain network that maintains a complete copy of the blockchain, independently validates all transactions and blocks according to consensus rules, and serves blockchain data to other network participants.
Key Points Intro
Full nodes provide the backbone of blockchain networks, ensuring security through independent verification.
Key Points

Stores the entire blockchain from genesis block to present.

Independently verifies all transactions and blocks without trusting other nodes.

Enforces consensus rules and rejects invalid transactions and blocks.

Serves blockchain data to other nodes and light clients.

Example
Running Bitcoin Core with default settings operates a full node that downloads, stores, and verifies over 500GB of blockchain data, contributing to network security by ensuring all rules are followed by all participants.
Technical Deep Dive
Full nodes typically need to process several stages when joining a network: 1) Initial Block Download (IBD), where they download and verify the entire blockchain history; 2) Header synchronization, ensuring they have all block headers; 3) Block validation, checking each block's proof-of-work and transactions; and 4) UTXO set construction (or account state in Ethereum), building the current state of all addresses and balances. This process can take days on some networks, requiring significant storage, bandwidth, and processing resources.
Security Warning
Running a full node on insecure hardware or networks may expose your IP address to potential attackers. Consider using VPNs or Tor when operating nodes if privacy is a concern.
Caveat
While running a full node contributes to network decentralization, it does not provide direct financial rewards on most networks (unlike mining or staking). The primary benefit is self-sovereignty—the ability to verify your own transactions without trusting third parties.

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