Bitcoin is unique in that it is designed to be a global currency that anyone can use without restrictions anywhere. This cryptographic asset is being used in different forms around the world and is subject to cultural, economic conditions, regulatory factors and other factors.
A new study reveals the global distribution of Bitcoin nodes. There have been a number of data showing that cryptocurrency investors and traders in the United States account for the largest share of the cryptocurrency market. But the new study also shows that American users who participate in Bitcoin activities are not limited to transactions, they also dominate the number of Bitcoin nodes.
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(Global distribution of Bitcoin nodes, image source: Twitter )
Germany and France followed the United States with 1,024 and 604 nodes respectively. The United States is the country with the largest number of Bitcoin nodes running, with a total of 2,349 nodes. These three countries together account for more than 50% of the global Bitcoin node.
The lower rankings are in other European and Asian countries, each of which accounts for 2% to 5% of the total number of nodes, such as the Netherlands, the United Kingdom, Russia, China, Singapore and Japan. Canada also entered the top ten. These countries add up to about 25% of the nodes. The rest of the world, with the exception of the above countries, accounts for 25% of all existing nodes.
Bitcoin can serve people without bank accounts, but from the current global distribution of Bitcoin's nodes, only developed countries with strong economic strength and technological infrastructure can maintain a certain number of bitcoin nodes.
The node is used to process the resources needed to run the Bitcoin network client and verify the transactions sent over this network to keep the network functioning and secure.
A node can be a full node running a Bitcoin client, while a lightweight node is designed to process transactions faster, and there is no need to download a complete record of the bitcoin blockchain. This study did not separate the two types of nodes. A node can run in the cloud, on a local computer, or as a preconfigured node that can connect to a computer.
Bitcoin enthusiasts often contribute to the Bitcoin network by running nodes, serving the global community, and learning more about the technical aspects of cryptocurrencies such as blockchain and bitcoin.
Considering the requirements for computer processing power and network connectivity, plus the infrastructure and population, and the loose regulatory laws surrounding cryptographic assets, the distribution of this bitcoin node is very reasonable from this point of view.