Top Countries by Bitcoin Nodes: US and Germany in the Lead

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Tue, 02/26/2019 - 11:17
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    More than 50 percent of Bitcoin nodes are attributed to only three countries

Cover image via U.Today
Contents

A recent DataLight study shows the countries with the biggest amount of Bitcoin nodes as of Feb. 25. The US and Germany are responsible for 44.08 percent of all reachable Bitcoin nodes.

Must Read
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A world of difference  

Bitcoin nodes are essential for keeping the network stable and secure. However, there is a regional paucity of available nodes. The lion’s share of them, as the map shows, are located in only three countries: the US, Germany, and France, with 2,625, 2,016, and 698 reachable nodes respectively. For comparison, in Kenya, where Bitcoin is witnessing growing popularity, there are only four nodes.
Top Countries by Bitcoin Nodes: US and Germany in the Lead
It is worth noting that China now only runs 3.90 percent of all nodes in the world due to recent regulations that require all nodes to be registered with the government to acquire legal status.

More caveats

Bitcoin nodes require electricity, but the problem is that those who run them are not incentivized with mining rewards. Hence, there are only altruistic intentions to protect the network. On the flip side, a lot of Bitcoin enthusiasts simply aren’t able to support the network because of the ASIC monopoly.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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