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Cryptocurrency News Video

Bitcoin Hostile Node Attack?

Apr 24, 2024 at 01:51 am Bitcoin University

Join Bitcoin University Premium:
https://www.bitcoinuniversity.com

Recordings of my live classes:
https://www.bitcoinuniversity.com/courses/93850-live-classes

In this video, I discuss the scenario where an attacker spins up 100,000's of new Bitcoin nodes in an effort to attack the network.

Such an attack would simply create an alternate version of the Bitcoin network, running on its own rules, and would not affect those running their own nodes.

This is yet another reason why it is so important to run your own node and use it for all of your Bitcoin transactions, rather than relying on someone else's node.

Not investment advice! Consult a financial advisor.

Maps of Bitcoin nodes:
https://bitnodes.io/
https://bitnodes.io/nodes/all/

My favorite hardware wallets:
https://coldcard.com/
https://blockstream.com/jade/

Sparrow Wallet download:
https://www.sparrowwallet.com/download/

How to set up Sparrow Wallet:
https://www.youtube.com/watch?v=HLi8p9aTlBQ&ab_channel=BitcoinUniversity

How to connect a hardware wallet to Sparrow:
https://www.youtube.com/watch?v=Q4gpVF-ATAg&ab_channel=BitcoinUniversity

How to connect Sparrow to Bitcoin Core:
https://sparrowwallet.com/docs/connect-node.html

Two versions of Bitcoin software:
https://bitcoin.org/en/download
https://bitcoinknots.org/

Easy ways to run Bitcoin software:
https://umbrel.com/umbrelos
https://start9.com/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#nodes

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
Video source:Youtube

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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