The $20 Baofeng or similar dual-bander has become a staple of amateur radio. They’re so cheap, you just buy one because you can, you may rarely use it but for $20 it doesn’t matter.
For the hardware, [KP4TR] is using a Raspi, a Baofeng BF-888s 400MHz – 470MHz ... whether the radio is transmitting or receiving. The software used is SVXLink, a Linux port of the Echolink ...