Difference between revisions of "Node"
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See [[Setting up a Lightning node]]. | See [[Setting up a Lightning node]]. | ||
= [Dangers]] and [[Risks]] = | = [[Dangers]] and [[Risks]] = | ||
The risk of running a Lightning node is that [[private keys]] are online hence the node can be attacked and the keys and their corresponding funds stolen. The private keys nee to be online because the node needs to use them frequently to sign payment transactions. | The risk of running a Lightning node is that [[private keys]] are online hence the node can be attacked and the keys and their corresponding funds stolen. The private keys nee to be online because the node needs to use them frequently to sign payment transactions. | ||
Revision as of 18:11, 31 January 2019
A node is a machine in the Network. It processes (routes) payments. It needs to be managed.
Existing nodes
Node roles
A node can be any of below roles at different times.
- Origin node: Where a payment comes from
- Hop: A node helping in processing a payment
- Final node: The receiving node of a transaction
- Peer: The Network consists of peers. Peers are two nodes communicating with each other.
Functionality
Features
Setting up a node
See Setting up a Lightning node.
Dangers and Risks
The risk of running a Lightning node is that private keys are online hence the node can be attacked and the keys and their corresponding funds stolen. The private keys nee to be online because the node needs to use them frequently to sign payment transactions.
Benefits and Rewards
Nodes help in routing. The more nodes there are the better and faster routing will work. So, there is a benefit to the network and to the common good. Nodes can also charge fees for routing and hence earn money. See also Making money using Lightning.