USA The US, France and Germany dominate the Bitcoin nodes by country

Among the many reasons that make Bitcoin unique, it is designed to be a global currency that can be accessed by anyone, anywhere, without restrictions. Because of this, the first crypto asset is used worldwide in different capacities, affected by culture, economic conditions, regulation and more.

A new study reveals how Bitcoin nodes are distributed worldwide: complete clients that run the Bitcoin network and distribute all transactions that have been added to the blockchain.

Bitcoin nodes distributed worldwide, classified by country

Data have shown time and again that cryptocurrency investors and traders based in the United States account for a large part of the crypto market in general, but a new study also reveals that those involved in US Bitcoin. UU. They are in it for more than just money, and dominate the breakdown of the countries that run the most Bitcoin nodes.

After the USA UU. With the largest number of nodes in the entire country with 2,349 nodes in total, there are Germany and France with 1,924 and 604 nodes each respectively. The three countries combined make up more than 50% of the nodes worldwide.

Further down the list are other European and Asian countries with between 2% and 5% each, such as the Netherlands, United Kingdom, Russia, China, Singapore and Japan. Canada is also in the top ten. Combined, countries represent approximately 25% of the nodes. The rest of the world outside the aforementioned countries constitute the remaining 25% of all existing nodes.

Bitcoin is an asset designed for the unbanked, but given the global distribution of the Bitcoin nodes, currently only developed countries with strong economies and technological infrastructure constitute a significant part of the existing Bitcoin nodes.

What is a node and what does it do?

Nodes are processing resources configured to run the Bitcoin network client and validate transactions that are sent through the network, keeping the network functional and secure.

The nodes can be complete nodes, running the full Bitcoin client, while the lightweight nodes were designed to process transactions faster and not download the entire Bitcoin blockchain to operate. The study does not separate the two types of nodes. The nodes can be run in the cloud, on a local machine or as preconfigured nodes that can be connected to a PC.

Bitcoin enthusiasts often run nodes to contribute to the Bitcoin network and return to the global community, while learning more about the technical side of blockchain and cryptocurrencies like Bitcoin.

Given the requirement of computer processing power and an Internet connection, it is not too surprising to see the list of countries that run classified nodes in terms of infrastructure and population, as well as the lax regulatory laws surrounding encryption assets.

Reference: newsbtc.com

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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