Legislation Quietly Introduced in China This Month to Make Running of Bitcoin Nodes Illegal

2019-2-5 10:42

In China, the cryptocurrency landscape has been going through many regulatory changes as the country determines how they want to be involved in the industry. Bitcoinist, a news media website, recently gathered statistics from Earn.com, which monitors the Bitcoin Network.

The research indicated that the last two months of activity only showed a change of 75 from Chinese nodes, which is the result of recent legislation to make domestic Bitcoin node-running illegal. The rules specifically state that it is de factor illegal for the running of nodes by an

“entity or node that provides the blockchain information service to the public and the organization or organization that provides technical support for the blockchain information service.”

Presently, China has the highest number of nodes tracked with the Earn.com software, though France, Cyprus, and a section of west Africa follow in succession.

Throughout the world, the United States has the highest number of reachable nodes, accounting for 24%. The next three places on the lineup are all in Europe, including Germany, France, and the Netherlands in respective order. China, however, accounts for 4.02% now, which decreased by only 1% this month.

In November, the total public node count was over 10,000 with Bitcoin, which happened after the network changed their protocols to make it easier for anyone to run a full node. As the Lightning Network has expanded, it has boosted its own nodes, increasing by approximately 15% over the last month. At the moment, the nodes are at 5888.

The total capacity of the network reached 635 BTC, following the milestone of reaching 600 BTC just a week prior.

origin »

Bitcoin (BTC) на Currencies.ru

$ 94091.48 (-0.63%)
Объем 24H $51.901b
Изменеия 24h: -0.39 %, 7d: -5.09 %
Cегодня L: $91951.2 - H: $95752.95
Капитализация $1863.372b Rank 1
Цена в час новости $ 3462.38 (2617.54%)

bitcoin china statistics earn media website monitors

Источник: bitcoinexchangeguide.com

bitcoin china → Результатов: 126


Фото:

Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […]

2021-6-24 19:30


Фото:

Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities

China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […]

2021-5-22 20:25


Фото:

Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%

A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and […] The post Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14% appeared first on Bitcoin News.

2020-7-18 03:05


Фото:

Bitcoin Will ‘Never’ Crack China Due To Politics, Says Weiss Ratings

Bitcoin will not see official acceptance in China, ratings agency Weiss Ratings has declared as hype continues over the country’s Blockchain stance. Weiss: Bitcoin ‘Antithesis’ Of Chinese Politics In a tweet on October 28, Weiss, which has become well known for its no-nonsense tone on social media, said China would “never” use Bitcoin .

2019-10-29 13:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET nears breakout: Could a 20-30% rally be next?

FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance. On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum. ArtifiThe post FET nears breakout: Could a 20-30% rally be next? appeared first on AMBCrypto.

Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat

Hyperliquid, when stacked against its rivals, it stands out as the future of crypto fee generation. With its unique integration of spot & derivatives exchanges, Hyperliquid is truly settingThe post Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat appeared first on AMBCrypto.

Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?

While GT’s price increased, its social metrics also improved.  Selling pressure on the token increased, which could cause a price correction soon.  Gate Token [GT] has showcased impeccabThe post Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9? appeared first on AMBCrypto.