Supporting the Network

With many things, there is strength in numbers. The Bitcoin network is no exception.

Indeed, its strength depends directly on numbers.

Specifically, the number of active Bitcoin nodes that support the network.

A recent tweet from Jameson Lopp reminded me that the Bitcoin full node I'd set up a few months ago to support the network was no longer running.

https://twitter.com/lopp/status/956276504366903296

- lopp

So, after making sure I was running the latest version, I fired up the node.

It's been offline for about 9 weeks now, so, it's taking a little time to catch up. Just about there, though.

I'm running this node on one of my Monero mining boxes, so, I expect that the mining hash rate will suffer a little. No matter. I figure it's better to contribute to the Bitcoin network than worry about a few H/s, right?

This one of the nice things about the technical nature of decentralised, blockchain-based cryptocurrencies: the incentive to do the right thing is baked in!

Regardless of whether the motivation is selfish or altruistic, the end result is that the network gains support and grows stronger.

Do you run a node?

What is your motivation for doing so?

(Photo by NASA on Unsplash)

TL;DR Disclaimer: We are not financial advisors. We don't know what we're talking about. Do your own research and consult with a professional broker or advisor. Trading is risky. Investing is risky. We may receive small rewards if you follow links on our site. We endorse nothing. You are responsible for you.

Read our full disclaimer here.

If you got something useful from this post, please share it on Facebook and Twitter so your friends can benefit from it too.

Donations and support are always greatly appreciated

BTC Wallet: 1LyutLaQ3sufbFcETue6kYbQHqZvYbvAD9

ETH ERC20 Wallet: 0xca0dd607339edee021fb95e4a63fc21f13f4de2f

LTC Wallet: LaPhoXcybZ3hHNs7jFeBo28uYXpYZe45w8

DASH Wallet: XtHavbmxb6gQixkBKXq2igQ2GhLUjLCh88

DOGE Wallet: DD2PN95XBgUvwRf5jbGV78d6nWEgVwjm4L