Run a Bitcoin Full Node! Lightning Network, Multisig, Mempool Explained

In this video I explain the importance of running a full node, show you the easiest way to set up your own full node using a Raspberry Pi 4 and Umbrel, and show you some of the cool things you can do with a full node that no one really talks about (including how you can save thousands of dollars a year on a multisig setup).

We use Umbrel's node set up in this video. Umbrel makes it really easy to set up your own Bitcoin full node in less than 10 minutes (if you know what you're doing - it took me about 30 minutes 🧐🧠). Umbrel is really great and I would have never been able to figure this out without their really helpful website that I've linked below.

☂️ Umbrel Tutorial and Software Downloads: https://getumbrel.com

🤑 What is a full node? : https://bitcoin.org/en/full-node

⚡️ My Lightning Node Address: 0394b072a191f1d26ae83d71b8f6eb8a587ce04bc9aef3dd44a2a66baf28c8535c@urvywz3fknb3zgnuj2pddjhsuct4zb4x436cqordcal3dmesxcsvbhqd.onion:9735

🛍 Amazon Affiliate Links for Full Node Setup:

💻 Raspberry Pi 4 Model B (computer that holds your full node): https://amzn.to/3xkVZuc

🔌 Official Raspberry Pi Charger (people on forums have complained about 3rd party chargers not being very good): https://amzn.to/2TYu8Br

1️⃣ 1-ft Ethernet Crod (connect RP4 to your Router): https://amzn.to/3viyTCV

💾 32GB SD card (to get Umbrel onto RP4): https://amzn.to/35haR0D

💽 Hard Drive Enclosure (to connect hard drive to RP4): https://amzn.to/3jSKdlM

📀 1TB Hard Drive (to store all past and future BTC transactions: https://amzn.to/3xhS7tH

Intro 0:00
What is a Full Node? 0:53
What Does it Cost to Run a Full Node? 2:01
How to Set Up Umbrel Full Node 2:49
Mempool + Block Explorer 5:12
Lightning Nodes 6:21
Multisig 8:58