• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Bitcoin Node Network Marks An All-Time High After A Roller Coaster Journey
Nexo

Bitcoin Node Network Marks An All-Time High After A Roller Coaster Journey

Asad Gilani by Asad Gilani
1 year ago
in Bitcoin
0
Advertisement

Bitcoin Nodes recently hit an all-time high of 13,000+ from 11,613 in January. This is the first time the nodes are crossing the mark and increased from what it was in early 2021.

From the data released by Bitnodes.io, the reachable Bitcoin nodes achieve this increase earlier in July.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Bitnodes.io is a dashboard where you can find information about BTC statistics. According to the data there, the nodes reached 13,374 on the 5th of this month. But at press time, the platform has lowered the number to 12,835.

Related Reading | U.K. Sales Person Pleads Guilty For Using Bitcoin to Fund Islamic State (IS)

Another tracking website that posted the node count is Coin.Dance. According to its data, the nodes count is at 12,825.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Thus, bitcoin nodes facilitating its Core software are responsible for 98.77% of the total number. The rest of the 1.23% runs other implementations such as Bitcoin Knots and BTC, which many people don’t know.

Bitnodes’s Data On Nodes Count

The  Bitnodes team released the Bitcoin Core 0.21.1 in May using a “Taproot activation code” at close to 5000 nodes. This number is according to Coin.Dance data.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

This version is presently the favorite among entities that are running Bitcoin reachable nodes. From Bitnode’s data, the number is 40% of all the network node count or 5,125.

Bitcoin Node Network Marks An All-Time High As 2021 Approaches To End
Image Credit: Bitnodes

Moreover, Bitnode’s data shows almost half of the total node count is now running Tor. Early 2021, precisely in January, the number of reachable nodes on Tor was only a quarter.

Related Reading | Binance Bitcoin Open Interest Surges Despite Legal Scrutiny

Tor is a hidden and privacy-centric network. So, running Bitcoin Core on Tor ensures another layer of privacy as the network obfuscates the connecting nodes’ IP addresses.

From the data available on Bitnodes, the BTC network nodes count revealed that the number grew by 2,739 nodes in 2020. This growth further reinforces the Bitcoin decentralization culture.

Also, this recent growth is just like what is happening in the “Lightning Network ecosystem” The system is expanding notably, and its capacity has increased by more than 70% in five months plus.

At the beginning of July 2021, the public “Lightning Network” capacity grew above 1,800 Bitcoin. The result came after it added 100 BTC in less than one week.

According to the data from BTC Visuals tracking the Lightning Network Statistics, the LN nodes in the system were more than 12,800. This value is at its all-time highs from where it was before now.

A Brief On Bitcoin Nodes

Bitcoin Nodes are interconnected computers that share information based on defined rules. Bitcoin nodes are sometimes full nodes of light nodes. Full nodes are those programs that fully validate BTC transactions and also validates blocks.

These nodes keep the network running, and they also accept transactions & blocks from others, validates the transactions & blocks, and then relay them to other full nodes. Light nodes, on the other hand, operates based on the full nodes.

Related Reading | Bitcoin Mining Energy Consumption Becomes A Blockchain Heated Debate

These nodes don’t require many downloads & storage capacities. They merely download “blockheaders” from the BTC blockchain and don’t store the whole blockchain. In addition, light nodes use “simplified payment verification” to verify transactions.

Bitcoin Node Network Marks An All-Time High After A Roller Coaster Journey

While the Bitcoin nodes claim an all-time high, BTC keeps underperforming | Source: BTCUSD on TradingView.com
Featured image from Pixabay, Bitnodes, and chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Asad Gilani

Asad Gilani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

Related Posts

Bitcoin Crypto

Crypto Market Sees $510M Futures Flush As Bitcoin Breaks $24.5k

10 hours ago
bitcoin family

“Bitcoin Family” Loses $1 Million In Bear Market, What’s Next For Them?

12 hours ago
Zipmex Opens Crypto Withdrawals After Pausing Due To Volatile Markets

Zipmex Opens Crypto Withdrawals After Pausing Due To Volatile Markets

14 hours ago
Bitcoin UK Based Football Club Oxford City Embraces Bitcoin As Payment For Match Tickets

Why $10 Trillion AUM BlackRock Launched Spot Bitcoin Private Trust For Clients

15 hours ago
Crypto

Crypto Obsessed: Nigeria Tops Google Trends Search For Cryptocurrency Info

19 hours ago
Vinteum logo

Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.