Coin Dance Data Shows Bitcoin’s Full Node Count Crosses 10,000 For The First Time Since March

Bitcoin Public Full Node Count Crosses 10,000 For The First Time Since March

Data from Coin Dance currently shows that the number of bitcoin public nodes is 10,055. Notably, the public notes have reached 5 digits for the first time since March 2018.

As evident from the graph below Bitcoin Core nodes dominate massively with 95.6% of the share which is followed by Bitcore nodes with 1/98%. The gap between them is massive.

Bitcoin Nodes

Bitcoin Core (formerly Bitcoin-Qt) is the third Bitcoin client, developed by Wladimir J. van der Laan based on the original reference code by Satoshi Nakamoto. It has been bundled with bitcoind since version 0.5. Bitcoin-Qt has been rebranded to Bitcoin Core since version 0.9.0.54. They have a protocol scaling plan with SegWit + Lightning Network, Schnorr signatures, and MAST.

Lightning Network continues to gain an increasing amount of traction too. According to 1ML, the Lightning Network had 4,026 as of November 13. Of these, 2,910 nodes are public. The developers also speculate that there could be many more hidden nodes. Combined, all these nodes give the platform an optimal capacity of 112.5 BTC. However, this figure recently rose to 118 BTC on 13th November. These figures translate to about $743,000. It is important to note that the largest node on the platform has a capacity of just under 16BTC – this is a testament to the network’s affordability.

There are several reasons why one may decide to run a Bitcoin Full node. It helps the network, It keeps you safe, gives you the freedom of choice, gives the user a higher degree of privacy and the best part is that it is neither hard or expensive. People have reported hosting nodes on Raspberry Pi too.

Publication date: 
11/21/2018 - 19:45
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