Core Nodes Below Historic 70% Line as Dev Tensions Continue
The number of Core nodes serving Bitcoin has dropped below 70% of the total for the first time in history. “If you’re not running a node, you’re not really using Bitcoin,” Core developer Luke Jr. wrote on Reddit in August. After months of debate on the block size issue, however, his comments have taken on an ironic light. The latest data shows that with....
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The Bitcoin block size debate is still in effect as we speak, and things are heating up once again between Bitcoin Core and Bitcoin Classic supporters. Now that a working client for Bitcoin Classic users has been released, various Bitcoin nodes seem to be favoring this solution over Bitcoin Core. However, the battle is far from over, as not everyone is....
Amid increasing distrust of custodial solutions and recent upgrades to Bitcoin Core, more Bitcoiners are starting to run their own nodes. The number of Bitcoin nodes is at an all-time high, with 11,558 reachable nodes currently active, according to Bitnodes.io. Another Bitcoin network statistics tracker, coin.dance, calculates the total number of Bitcoin nodes at 11,613, which is just above the previous high of 11,250 set one year ago this month.The Bitcoin Core software update 0.21.0 was released for public download on Jan. 14 2021 and is currently the fourth most utilized version of the....
The battle for supremacy among Bitcoin nodes is still going on, and it looks like the Bitcoin Classic team is gaining a fair bit of ground in recent days. That being said, it is important to distinguish between full nodes and pruned nodes, as routing one single node through a list of IP addresses is throwing off the numbers. Moreover, the number of....
Once the “little fork that could,” Bitcoin Classic has stalled and begun to fall, reducing hope for an increased block size limit anytime soon. In the meantime, Bitcoins problems with overloaded blocks and high transaction fees continue to worsen. During March of 2016, the number of Bitcoin Classic nodes surged past the number of Bitcoin Core nodes (2,875 for Classic at its peak versus 1,642 for Core), and the percentage of Classic blocks mined peaked at 7%, or 70 of the last 1,000. However, progress against Core stagnated over the next few months as Classic’s node count steadily....
As the final release date of Segregated Witness approaches, more Bitcoin platforms are preparing to support the innovative scaling solution from Bitcoin Core. Electrum, an open source Bitcoin wallet application launched in 2011, is officially introducing support for SegWit in its next release. Once SegWit is adopted by leading wallet applications such as Electrum, the Bitcoin network is presumed to experience an observable change in the average size of blocks, as a significant amount of transactional data is removed from the traditional block structure. Although SegWit creates a major....