Twitter’s Jack Dorsey has fired up a full Bitcoin node

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Twitter founder and CEO Jack Dorsey has fired up his personal Bitcoin (BTC) node. On Jan. 5, the tech billionaire posted a screenshot of the Bitcoin node software program Bitcoind operating on his pc, which means Dorsey now lends a hand in validating Bitcoin transactions.

Dorsey posted the screenshot together with the phrases, “Operating #bitcoin”. The picture exhibits Dorsey’s pc within the midst of synchronizing with the Bitcoin blockchain, which requires {that a} consumer obtain your entire historical past of the chain thus far. The Bitcoin blockchain is round 325GB in measurement at time of writing.

The synchronization course of can take weeks relying on the pc and web pace, and Dorsey’s screenshot exhibits that he’s solely managed to synch up 2% of the chain up to now.

When requested if he was operating the node on a devoted Raspberry Pi, Dorsey revealed he had set it up utilizing an M1 Macbook chip — the most recent in Apple’s line of laptop computer processors. Dorsey tweeted, “Ranging from a scratch construct on M1 first.”

Bitcoin nodes are totally different from Bitcoin miners in that they don’t compete for a share of the block rewards. Somewhat, every node hosts one more immutable copy of the blockchain, serving to improve total community safety. The variety of full Bitcoin nodes in operation has fluctuated of late, touchdown someplace between 7,000 and 11,000, in response to current data.

Bitcoin’s node-count just lately surged to an all-time excessive. As reported by Cointelegraph, 11,613 Bitcoin nodes had been in operation on Jan. 20. That quantity had dropped to 7,260 by time of writing.