A look at the geographical distribution of Bitcoin and Ethereum listening nodes
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Quick Take
- It’s estimated that there are currently more than 70,000 Bitcoin nodes but if we only consider listening nodes, there are about 9,400 Bitcoin and 8,200 Ethereum ones
- The U.S. has, by far, the most Bitcoin and Ethereum nodes, followed by Germany, China, Singapore and France
- Singapore easily leads the way with 171 nodes per million people; followed by Hong Kong and several European countries
- Asian countries tend to be skewed towards running Ethereum nodes while European countries towards Bitcoin
They embody the verify don’t trust ethos of cryptocurrency. Non-mining nodes are software that confirm the rules of the network, allowing users to validate transactions. Don’t trust that your bitcoin purchase on a wallet is legitimate? A node can verify. They also allow crypto holders share block data with other users. Still, tracking the exact number of nodes […]
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