Any cryptocurrency network is only as strong as the people who support it. For Bitcoin and other public blockchains, the number of nodes is essential. For the first time, there are more anonymous nodes compared to counterparts tied to a specific region.
Bitcoin Nodes Surpass 10,200
One can express the growth of the Bitcoin network through a variety of metrics and statistics. Getting more network nodes online is always a healthy sign, as it confirms the network becomes more decentralized. As this number continues to increase gradually, it becomes increasingly difficult to shut down the network. Some people remain fearful or hopeful that governments will ban all Bitcoin activity, yet that is extremely unlikely.
According to Bitnodes, the network now has 10.220 nodes. A substantial amount, yet there are far more BTC users out there. Getting everyone to run a node is nigh impossible, but these numbers need to keep increasing. More support means more decentralization and a higher chance of taking Bitcoin into the mainstream.
What is remarkable is how there are 1,964 “anonymous” nodes. More specifically, these are network nodes that will accept others’ connections but will not disclose their location to the network. These operators highly likely rely on Tor or similar solutions to achieve a higher degree of privacy and anonymity. For the first time, these anonymous nodes represent the “majority” of the network, representing 19.22% of the network.
In second place is the United States, followed closely by Germany. These regions have always been prominent for Bitcoin, yet one might have expected higher numbers in the US. Whether Germany can overtake the United States later this year remains to be seen. It is good to see nodes across 105 countries so far, although there is always room for better distribution and more network support.
Are You Running A Node?
Over the years, it has become increasingly easy to create a Bitcoin node and validate network transactions. Solutions such as Umbrel and ROKOS make this process a breeze. It is even possible to use low-power computing services like a Raspberry Pi to get up and running. The necessary hardware and software are very accessible, and there is no reason not to explore this option.
Contrary to what some people may think, there is always room to decentralize the Bitcoin network further. Geographically, things are starting to look up. Yet, broader penetration in Africa, South America, Russia, and the Middle East would certainly go a long way. Unfortunately, these are the regions where Bitcoin doesn’t have a good reputation or regulation. Governments across these nations prefer to steer away from cryptocurrencies altogether.
Overall, it is heartwarming to see bitcoin nods in Reunion, Macao, the Faroe Island, Kenya, and the Aland Islands. Gaining a foothold in the over 100 missing countries and regions will pose many challenges, though. Bitcoin is a global phenomenon, but it will require more effort to make the necessary impact in certain regions. An exciting future awaits.