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Bitcoin Network Seeing Fewest Nodes Since 2017
Summary: According to CoinDesk, Bitcoin node count has fallen to a 3-year low on Monday, with fewer than 47,000 computers running the Bitcoin program, despite recent price surge.
According to CoinDesk, Bitcoin node count has fallen to a 3-year low on Monday, with fewer than 47,000 computers running the Bitcoin program, despite recent price surge. The estimates came from established Bitcoin Core developer Luke Dashjr and corresponded with data from Bitnodes, a Bitcoin node count website.
As the dropping number of nodes indicates declining participation in validating new transactions and storing shared transaction history, it does not directly imply a problem for the Bitcoin network.
“The raw number is unimportant,” said Matt Corallo, a full-time open-source Bitcoin developer at Square. “What matters are two things: Are users who transact materially with Bitcoin checking transactions against their own full node, and are there enough nodes to service chain downloads for new nodes.”
By Yiran Dai
