New DataLight Study Shows US and Germany Are the Main Countries Running Bitcoin Nodes
There are different countries running Bitcoin nodes that help the network be protected and secured. However, there are three countries that account for more than 50% of the total number of Bitcoin nodes around the world. Surprisingly, China is not in the top three.
Bitcoin Nodes Distribution Around The World
According to a recent study released by DataLight, the United States and Germany account for 44.08 percent of the total number of reachable Bitcoin nodes. These nodes are very important for keeping the whole network stable and secure. However, 50% of them are located in the United States, Germany, and France. They have 2,625, 2016 and 698 nodes respectively.
China, one of the most powerful countries in the world and with a large presence in the blockchain and crypto space accounts for just 3.9% of the total reachable nodes in the world. Nevertheless, in China, nodes must be registered with the government to acquire legal status.
In addition to it, those running nodes consume electricity but are not paid for the work they do. Thus, there are just altruistic individuals and firms that want to protect the network. There are also several individuals that would like to mine Bitcoin (BTC) but they are not able due to the fact that it is very difficult to enter the ASIC mining market.
According to BitNodes, there are 105 jurisdictions that are supporting at least one Bitcoin node, 24 of them have just one node, and 54 have less than 10 nodes. This shows that there is a large concentration of nodes among a few countries. Indeed, the first 10 countries in the list account for almost 75% of the total number of reachable nodes around the world. These countries include the Netherlands, China, Canada, the United Kingdom, Singapore, Russia, and Japan.
— DataLight (@DataLightMe) February 26, 2019