Bitcoin Nodes Exit China After Regulations for ‘Healthy Development’

Bitcoin Nodes Exit China After Regulations for ‘Healthy Development’
фото показано с : bitcoinist.com

2019-2-4 16:00

New data shows that December and January saw the biggest changes in Bitcoin nodes in China and France, as the former introduced madatory registration with the government.

China Decreases Node Share

Statistics from Bitcoin network monitoring resource Earn.com uploaded to social media February 2 confirm the past two months saw Chinese node numbers change by around 75.

As Bitcoinist reported, lawmakers quietly introduced legislation in early January which made it de facto illegal to run a domestic Bitcoin node.

The rules target 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.”

The knock-on effect means China leads the list of countries with nodes tracked by Earn.com, followed by France, Cyprus and a curious pocket of west Africa.

See how the number of #bitcoin full nodes changed within two months. We have over 10'000 full nodes and hopefully increasing thanks to #LightningNetwork, @CasaHODL and @pierre_rochard node launcher.

Data from @port8333 pic.twitter.com/7ftxTUG4zR

— xenonsky (@mapsforbtc) February 2, 2019

The data does not give specific numbers for node changes, instead offering ranges.

Lightning Network Keeps Growing

Worldwide, the the country with the largest number of reachable nodes is the US with 24 percent of the total. Second, third and fourth place all go to Europe, corresponding to Germany, France and the Netherlands respectively.

China now accounts for 4.02 percent of the total Bitcoin network node count, Earn.com confirms – a decrease of just under 1 percent over January.

In November last year, the Bitcoin network’s public node count passed 10,000, amid a conscious effort to make running a full node easier for the average consumer.

At the same time, the expansion of the Lightning Network is boosting its own node numbers. According to 1ML.com, Lightning nodes have increased almost 15 percent over the past 30 days to 5888 at press time.

Other metrics are promising, with the network’s total capacity reaching 635 BTC just a week after passing the 600 BTC milestone for the first time.

What do you think about the Bitcoin network node count distribution? Let us know in the comments below!

Images courtesy of Shutterstock

The post Bitcoin Nodes Exit China After Regulations for ‘Healthy Development’ appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69640.3 (+0.93%)
Объем 24H $27.706b
Изменеия 24h: -0.67 %, 7d: 2.69 %
Cегодня L: $68635.26 - H: $69640.3
Капитализация $1372.445b Rank 1
Цена в час новости $ 3458.1 (1913.83%)

bitcoin china nodes saw node introduced january

Источник: bitcoinist.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

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Coinbase embraces Bitcoin Lightning network to speed up transactions

US-based crypto exchange Coinbase is finally integrating Bitcoin Lightning network after several promises by the exchange CEO Brian Armstrong. In an April 3 statement, Lightspark, a lightning network-based payment infrastructure provider, revealed that it was selected by the crypto exchange to facilitate the integration of Bitcoin Lightning Network.

Cyprus’ 2013 banking crisis was Bitcoin’s origin as a safe haven asset

Quick Take During the 2013 Cyprus financial crisis, Bitcoin’s reaction provided an early indication of its potential as a “risk-off” asset and alternative safe haven. The instability in Cyprus’s banking system was attributed to lax regulation within the sector and overextension among property developers, as reported by The Guardian.

Instant Settlement Series: The Gambling Industry

The fifth part in an article series by Ivan Makedonski from Breez on how Lightning's instant settlement finality can be a disruptive force fundamentally changing how different industries are organized.

What is the Lightning Network?  A Beginner’s Guide

What is the Lightning Network? Check out our Lightning Network introductory guide to get a better understanding of the off-chain transaction protocol. The post What is the Lightning Network?  A Beginner’s Guide appeared first on CoinCentral.

Bitcoin Lightning Network experiences capacity and channel surge

The Bitcoin ecosystem continually evolves, adapting to the demands of a growing user base and the challenges of scalability. A critical component in this evolution is the Lightning Network, a layer-2 solution designed to facilitate faster and more efficient Bitcoin transactions.