Trying to understand node_configuraion.yaml

I followed a YouTube video to install esphome on my Sonoff basic. Went relatively smooth. Although I followed the direction and got my device to work. I don’t quite understand the yaml config that I also uploaded. This first line is what I am confused about. my_awesome_node? What exactly is a node? Is it a device? Is it a room group? So like when I flash my next device, do I have to create a new node name? I feel like this is silly question. I did look around for the answer before posting. I found plenty of sites that mention creating a first node. Can someone explain to me when I should be creating a second node?

esphome:
  name: my_awesome_node    # Name of your Node.
  platform: ESP8266
  board: esp01_1m

In this context a notde is just a device. Node name == Device name.

Yes. Each will need its own unique name.

When you need another device…

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Thank you kindly. Happy New Year!