Bitcoin (BTC) Network Nodes Grow Up Over 10,000 After Difficult Times in 2018
The number of Bitcoin nodes in the network is currently growing after a momentaneous slump back in 2018. According to data provided by earn.com, the number of Bitcoin Core nodes was 64,150 just a few hours ago. This represents more than 99% of the nodes around the world.
The number of reachable nodes was 10214 with the largest number of them located in the United States. The U.S. accounts for 24.37% of the total of Bitcoin nodes around the world, equal to 2491. The U.S. is followed by Germany with 1949 reachable nodes (19.06%). France was located in the third place with 677 nodes or 6.62% of the total number of nodes around the world. The top 10 places include the Netherlands, China, Canada, the United Kingdom, Singapore, Russia and Japan.
The number of reachable nodes grew up to 12,500 in November 2017 when Bitcoin was reaching new all-time highs. In 2017, Bitcoin moved from under $1,000 up to $20,000. After the market drop in 2018, the number of nodes fell down to 9,000. However, the exact number of Bitcoin nodes is not known due to the fact that some of them remain undetectable.
In 2019, the number of Bitcoin nodes could start to increase. There are several companies that are starting to release a new set of products to make it easier for users to run a Bitcoin node. For example, the Lightning Network’s Nodl and Casa Node are currently making it easy for individuals to run a full node without technical knowledge.
By running a node, the network becomes much more secure and it also enhances decentralization. Running a full node allows users to be sure that Bitcoin rules have not been broken. Bitcoin nodes will make the network more secure in the future if there is a government chasing down Bitcoin operations.
Running a Bitcoin node might be complicated but, as mentioned before, there are some firms working to make it easier for people without the technical knowledge to run a Bitcoin full node and improve Bitcoin’s security.