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Shaun McDonogh

Running your own blockchain node has a number of key advantages including:

- Unlimited API requests to the blockchain

- Speed of information flow versus API provider alternatives

- Breadth of information flow on pending transactions

- Supporting the blockchain

- Financial decentralised trading and MEV (Maximal Extractable Value)

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Running your own blockchain node has a number of key advantages including:

- Unlimited API requests to the blockchain

- Speed of information flow versus API provider alternatives

- Breadth of information flow on pending transactions

- Supporting the blockchain

- Financial decentralised trading and MEV (Maximal Extractable Value)

However, running your own full node can be a daunting task. If you don't have a Linux OS distribution at home with plenty of SSD, Ram and reliable Networking speeds, it can cost hundreds of dollars per month to rent just the hardware alone in getting your node up and running. In this course, we bypass all the headaches.If you have the equipment and reliable broadband speeds at home already, running a full will cost you nothing. I personally do not, so I opted to rent the hardware purely for making this course.Inside you will gain an understanding of:1) What is a blockchain and what does it really mean to run an Ethereum node

2) What are the typical modules that make up a blockchain node

3) How are transactions validated and what are pending transactions

4) How to get a full node up and running within 2 days on Ethereum

5) What code allows you to quickly and easily decode transactions on the blockchain

The course at the time of making, does not cover how to run a Binance Smart Chain (or BNB Chain) full node. The reason for this is because it is simply too expensive to make it worth your while.If you have basic programming experience and have been looking to run your own full node but are tired of the headaches that come with it, then this will be a great course for you.

See you in class.

Shaun

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What's inside

Learning objectives

  • Run your own full node on ethereum
  • Access your own blockchain node remotely using nginx
  • See user trades and transactions before they occur on the blockchain
  • Understand how the blockchain works and what it means to run a full node
  • Receive unlimited api calls and listen to events for blockchain crypto transactions

Syllabus

Introduction
What You Will Learn
Why I Run a Full ETH Node
Questions and Discord
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Bypasses the complexities of setting up a full Ethereum node, making it accessible to developers who want to avoid the usual headaches and high hardware costs
Provides insights into blockchain functionality, including transaction validation and pending transactions, which are essential for understanding decentralized applications
Covers the setup of a full Ethereum node within two days, offering a practical and relatively quick way to gain direct access to the blockchain
Teaches how to decode transactions on the blockchain, which is valuable for developers interested in analyzing and understanding blockchain data
Focuses exclusively on Ethereum, which may not appeal to developers interested in exploring other blockchain platforms like Binance Smart Chain due to cost considerations
Requires learners to set up and configure a dedicated server, which may involve some familiarity with command-line interfaces and server administration

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Reviews summary

Practical ethereum node & tx pool setup

According to learners, this course provides a practical guide to running a full Ethereum node and understanding how to monitor the transaction pool using Javascript. The material is seen as valuable for those seeking to move beyond public APIs and gain direct access to blockchain data. While the core concepts and goals are appreciated, some students note the technical challenges involved in server setup and potential issues with keeping up with rapidly changing blockchain environments. Overall, it's viewed as a course that delivers on its promise for those with a sufficient technical background, offering significant insights into pending transactions.
Keeping up with blockchain changes can be an issue.
"Given how fast Ethereum evolves, the material may need periodic updates."
"Software versions can change, requiring adjustments to the setup steps."
"Need to cross-reference documentation for the latest dependencies."
Guides users through setting up an Ethereum node.
"The steps for getting the node up and running were quite clear."
"Finally managed to get my own node synced thanks to this course."
"It covers the essential software installation and configuration needed."
Details how to monitor pending transactions.
"The section on watching the transaction pool is incredibly valuable."
"Learning to decode transaction data provided key insights."
"The practical focus on the mempool was exactly what I needed."
Assumes familiarity with servers and programming.
"Basic programming experience is mentioned, but server management skills are really needed."
"Found the Linux and NGINX parts challenging without prior devops knowledge."
"This isn't for absolute beginners to technical infrastructure."
Some users find server setup complex.
"Struggled significantly with the server configuration steps."
"Getting SSH and NGINX working took much longer than expected."
"Troubleshooting environment-specific issues was difficult."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Run Full Ethereum Node With TX Pool Monitoring in Javascript with these activities:
Review Blockchain Fundamentals
Solidify your understanding of blockchain concepts before diving into running a full node. This will help you grasp the underlying principles and appreciate the node's role.
Browse courses on Blockchain Technology
Show steps
  • Review the concepts of blocks, chains, and consensus mechanisms.
  • Understand the difference between public, private, and permissioned blockchains.
  • Familiarize yourself with cryptographic hash functions and their role in blockchain security.
Brush Up on Linux Command Line
Practice essential Linux commands to navigate the server environment and manage the Ethereum node. This will make the setup and maintenance process smoother.
Browse courses on Linux Command Line
Show steps
  • Practice basic commands like `cd`, `ls`, `mkdir`, `rm`, `cp`, and `mv`.
  • Learn how to use `sudo` for administrative privileges.
  • Familiarize yourself with text editors like `nano` or `vim`.
Read Mastering Bitcoin
Gain a deeper understanding of the technology that underlies Ethereum by studying Bitcoin. This will help you understand the concepts of distributed ledgers, cryptography, and consensus mechanisms.
View Mastering Bitcoin on Amazon
Show steps
  • Read the chapters on transaction structure and validation.
  • Study the sections on the peer-to-peer network and block propagation.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Follow Geth Documentation
Explore the official Geth documentation to understand the various configuration options and command-line flags. This will allow you to customize your node setup and troubleshoot potential issues.
Show steps
  • Read the documentation on configuring the Geth client.
  • Experiment with different command-line flags to optimize performance.
  • Consult the troubleshooting guide for common errors.
Document Your Node Setup
Create a detailed document outlining the steps you took to set up your Ethereum node. This will reinforce your understanding and serve as a valuable reference for future troubleshooting.
Show steps
  • Record the specific commands you used to install and configure the software.
  • Document any errors you encountered and how you resolved them.
  • Include screenshots of key configuration settings.
Contribute to Ethereum Documentation
Contribute to the Ethereum documentation by improving existing content or adding new sections based on your experience running a full node. This will help solidify your knowledge and benefit the broader community.
Show steps
  • Identify areas in the documentation that could be improved or expanded.
  • Submit a pull request with your proposed changes.
  • Respond to feedback from the community and revise your contributions accordingly.
Build a Transaction Monitoring Dashboard
Develop a custom dashboard to monitor pending transactions and extract relevant information. This will allow you to gain deeper insights into blockchain activity and practice your JavaScript skills.
Show steps
  • Use the node's API to fetch pending transaction data.
  • Design a user interface to display the transaction information.
  • Implement filtering and sorting capabilities to analyze the data.

Career center

Learners who complete Run Full Ethereum Node With TX Pool Monitoring in Javascript will develop knowledge and skills that may be useful to these careers:
DevOps Engineer
DevOps engineers automate and streamline the software development lifecycle. This course is useful for DevOps engineers looking to manage blockchain deployments. The course content on automating node services, managing remote access, and monitoring transaction pools directly reflects the operational needs of blockchain infrastructure. A DevOps Engineer may want to develop the skill of automation. Such skills would contribute to the efficient, secure, and scalable operation of blockchain networks. The course may be helpful for those automating Ethereum-based smart contracts.
Decentralized Application Developer
Decentralized application developers create applications on blockchain networks. This course helps a decentralized application developer through its focus on running an Ethereum node. By gaining hands-on experience with node setup, transaction monitoring, and data decoding, developers can better understand the backend infrastructure of decentralized applications. The ability to access a blockchain node remotely and manage pending transactions are very helpful to those who wish to work as a Decentralized Application Developer. This course may give learners the edge they need.
Blockchain Developer
A blockchain developer builds and maintains decentralized applications. This course provides a practical understanding of running an Ethereum node, which is vital for developers interacting directly with the blockchain. Skills learned in this course, such as setting up a full node, managing the execution and consensus layers, and monitoring pending transactions, help a blockchain developer build robust and efficient applications. Understanding the intricacies of node operation and transaction validation learned here can give Blockchain Developers a competitive advantage in the field. This course may be useful for developers who wish to use Ethereum in their work.
Infrastructure Engineer
Infrastructure engineers design, build, and maintain the systems that support the operations of an organization. This course may be helpful for infrastructure engineers seeking to manage blockchain infrastructure. The course content on setting up and managing an Ethereum node, automating services, and ensuring remote access provide tools for understanding blockchain infrastructure. The skills taught would contribute to the robust and secure operation of blockchain networks and applications, and help an Infrastructure Engineer with cloud deployments. This course may be useful for those who wish to use Ethereum.
System Administrator
System administrators are responsible for the upkeep, configuration, and reliable operation of computer systems, especially servers. This course can help system administrators build a more robust and secure Ethereum infrastructure. The course content on setting up a full node, automating services, and securing remote access are helpful for those working as a system administrator in the blockchain space. The skills taught contribute to the smooth and secure operation of blockchain networks and applications. This course helps a System Administrator to use best practices in a growing field.
Smart Contract Developer
A smart contract developer creates and deploys smart contracts on blockchain platforms. This course helps a smart contract developer by providing in-depth knowledge of how Ethereum nodes function and how transactions are validated. The ability to monitor pending transactions and decode transaction data supports debugging smart contracts and understanding their behavior on the blockchain. The hands-on experience of setting up a full node and accessing it remotely helps a smart contract developer interact with the blockchain more effectively. This detailed understanding of the execution environment helps a Smart Contract Developer.
Technical Support Engineer
Technical support engineers provide assistance to users experiencing issues with software or hardware. This course can improve the ability of a technical support engineer to troubleshoot and resolve blockchain-related issues. By understanding how Ethereum nodes operate, the process of transaction validation, and the monitoring of pending transactions, the support engineer gains a deeper understanding of the system. The course content on setting up a full node and accessing it remotely benefits the efficiency of those who want to be a Technical Support Engineer.
Security Auditor
A security auditor ensures the security of blockchain systems and smart contracts. This course is useful for security auditors to gain a deeper understanding of how Ethereum nodes operate and how transactions are processed. By learning to monitor pending transactions and decode transaction data, auditors can identify potential vulnerabilities and ensure that the blockchain network is secure. The hands-on experience of setting up and managing a full node helps a security auditor assess the security of blockchain infrastructure. A Security Auditor must be meticulous in their approach.
Cryptocurrency Trader
A cryptocurrency trader benefits from real-time access to blockchain data. This course may be helpful for cryptocurrency traders because it teaches how to set up and manage a full Ethereum node. By monitoring pending transactions and decoding transaction data, traders can gain insights into market movements before they are reflected on exchanges. The course content on accessing a node remotely and receiving unlimited API calls help cryptocurrency traders make better trading decisions. This course may be useful for traders who wish to use Ethereum in their work.
Blockchain Consultant
A blockchain consultant advises organizations on blockchain technology. This course provides practical knowledge about running an Ethereum node, which is important for consultants needing hands-on understanding of blockchain infrastructure. Skills like setting up a full node, understanding transaction validation, and monitoring pending transactions help consultants provide informed recommendations. The course may give a blockchain consultant a more holistic view of the technology, and offers them real practical experience. This course may be useful for consultants who wish to use Ethereum in their work.
Cryptocurrency Exchange Operator
Cryptocurrency exchange operators manage the infrastructure and operations of cryptocurrency exchanges. This course may be useful for them by providing the technical knowledge needed to run and maintain an Ethereum node. By understanding how transactions are validated and how pending transactions are monitored, exchange operators can ensure the reliability and security of their platforms. The course content on setting up a full node and accessing it remotely can give Cryptocurrency Exchange Operators a competitive advantage. This course may be helpful for those who wish to use Ethereum in their work; for example, to operate an ETH exchange.
Financial Analyst
Financial analysts can use blockchain data for research and analysis. This course helps a financial analyst understand the intricacies of running an Ethereum node and accessing real-time transaction data. By learning how to monitor pending transactions and decode blockchain data, analysts can gain a competitive edge in understanding market trends and identifying investment opportunities. The course's focus on setting up and managing a full node is helpful to financial analysts who want access to unfiltered blockchain data. This course may give a Financial Analyst a more holistic view of the technology.
Data Scientist
Data scientists analyze blockchain data to extract insights and patterns. This course may be useful for a data scientist interested in blockchain technology. By learning how to run an Ethereum node and access real-time transaction data, data scientists can gather and analyze large datasets to identify trends, predict market movements, and understand user behavior. The course content on monitoring pending transactions and decoding transaction data can help data scientists create more sophisticated analytical models. This course may give Data Scientists a more holistic view of the technology.
Mining Pool Operator
Mining pool operators manage the hardware and software infrastructure for cryptocurrency mining. While this course does not focus on mining directly, it provides a foundational understanding of how Ethereum nodes operate, which is valuable for mining pool operators. By learning how transactions are validated and how pending transactions are monitored, operators can optimize their mining operations. The course content on setting up a full node and accessing it remotely is useful to Mining Pool Operators. This would be useful for understanding the blockchain.
Network Engineer
Network engineers design, implement, and manage computer networks. This course helps a network engineer by providing them with practical knowledge of how Ethereum nodes operate within a network. By learning how to set up a full node and manage network connections, engineers can better understand the networking aspects of blockchain technology. The course content on accessing a node remotely and monitoring network performance can help network engineers optimize blockchain network infrastructure. This course may be useful for network engineers who wish to use Ethereum in their work.

Reading list

We've selected one books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Run Full Ethereum Node With TX Pool Monitoring in Javascript.
Provides a comprehensive overview of Bitcoin technology, which shares many underlying principles with Ethereum. While the course focuses on Ethereum, understanding Bitcoin's architecture will provide valuable context. This book is helpful for providing background knowledge. It is commonly used as a textbook at academic institutions.

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