U.S. Hosts More than 50 Percent of all Bitcoin Nodes

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U.S. Hosts More than 50 Percent of all Bitcoin Nodes

As of  February 24, 2019, the United States has the largest amount of Bitcoin nodes, according to research by DataLight.

Bitcoin Nodes and Their Importance

Simply stated, Bitcoin nodes are the computer programs which perform the validation of Bitcoin transactions.  There is also a difference between full nodes and lightweight nodes.

Full nodes can perform complete validation and check against the Bitcoin consensus rules. Full nodes are a fundamental part of the way the Bitcoin decentralized system works. Lightweight nodes are also relevant, as there are many more compared to full nodes. Contrary to full nodes, lightweight nodes only authenticate the heads of Bitcoin blocks to confirm that transactions are real.

Another point to note is that their distribution among countries is a key criterion when evaluating an area’s influence in the world of crypto.

Distribution Of Nodes Among Countries

According to the data report revealed by DataLight, the top location for Bitcoin nodes is the U.S. This comes as a slight surprise as China holds the name of the Bitcoin powerhouse of the world. This fame is primarily based on the fact that the largest number of mining pools are the property of Chinese companies.

An important discovery found in the report is that some two-thirds of all Bitcoin nodes globally are located in just ten countries.

Speaking in numbers, the U.S. holds  2,625 nodes. Germany and France come second and third with 2,016 nodes in Germany and 698 in its neighboring country France. The total of these three countries makes for more than 50 percent of all Bitcoin nodes in the world.

The remaining 50 percent is divided between countries like the United Kingdom and China. It is interesting to note that the Netherlands and Singapore are also among the leaders. While these are countries with a somewhat smaller area, the Netherlands hosts 527 nodes, which is more than a hundred more than what China has, and Singapore welcomes another 316.

This distribution of nodes per country outlines the interest that these nations have in Bitcoin and Bitcoin mining.

As mentioned before, the more nodes there are in a country, the stronger the interest the population has in the cryptocurrency. Evidently, the U.S. remains one of the leading forces in Bitcoin activity, yet there are emerging players on the field like the Netherlands and Singapore which also look promising.

Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or hacking at a Hackathon.

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