Twitter founder and CEO Jack Dorsey launched his own Bitcoin (BTC) node. On February 5, the tech billionaire posted a screenshot of the Bitcoin node software running on his computer, which means Dorsey is now helping to verify Bitcoin transactions.

Dorsey posted a screenshot with the phrase “#Launch Bitcoin”. The image shows the Dorsey computer synchronized with the Bitcoin blockchain, requiring the user to download the entire chain’s history at the moment. At the time of writing, the Bitcoin blockchain is around 325GB in size.

The sync process can take several weeks, depending on computer and internet speed, and the screenshot shows Dorsey that he was only able to sync 2% of the chain.

When asked if he runs the node on a dedicated Raspberry Pi, Dorsey replied that he configured it with the M1 Macbook chip – the latest in Apple’s portable series of processors. Dorsey tweeted: “Build the M1 from scratch first.”

Bitcoin nodes differ from Bitcoin miners in that they do not compete for a fraction of the block reward. Instead, each node hosts an immutable copy of the blockchain, which helps increase the overall security of the network. The number of full Bitcoin nodes in operation recently, according to the latest data, fluctuated from 7,000 to 11,000.

The number of Bitcoin nodes has recently risen to its all-time high. According to Cointelegraph, 11,613 Bitcoin contracts were triggered on January 20. At the time of writing, the number has decreased to 7,260.

Source: CoinTelegraph

LEAVE A REPLY