No internet, no problem. Venezuela got its first bitcoin satellite node which processes transactions without internet. "Space node" was set up in the country by Anibal Garrido and the Anibal Cripto team using technology from Blockstream
Hi Bitcoiners! I’m back with the 32nd monthly Bitcoin news recap. For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month. You can see recaps of the previous months on Bitcoinsnippets.com A recap of Bitcoin in August 2019 Adoption
Bitcoin Surpasses 10 500 Nodes and Growing. The Top 10 List by Country #bitcoin #ethereum #ico Canada… https://t.co/XqmFr0IyAE - Crypto Dynamic Info - Whales's
Posted at: February 17, 2019 at 03:48PM By: Bitcoin Surpasses 10 500 Nodes and Growing. The Top 10 List by Country #bitcoin #ethereum #ico Canada… https://t.co/XqmFr0IyAE Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
02-05 14:37 - 'Core: Increasing block size past 1MB will create too much pressure on full nodes in countries with shitty internet. Everyone should be able to run a node, even if it comes at the cost of super expensive and delayed transactio...' by /u/Shibinator removed from /r/Bitcoin within 7-12min
''' Core: Increasing block size past 1MB will create too much pressure on full nodes in countries with shitty internet. Everyone should be able to run a node, even if it comes at the cost of super expensive and delayed transactions for the rest of the users. A higher degree of decentralisation is worth killing off tons of existing users and existing services. For some reason, SegWit is a good idea because it "increases" blocksize but somehow isn't a problem for nodes - I still don't understand the contradiction here. Unlimited: Letting miners set blocksize will allow an immediate increase in blocksize to 2MB. This will lower fees and confirmation delays and produce some breathing room for the Bitcoin community to keep growing while further scaling solutions are developed. Maybe there will be some small loss of nodes run in crappy countries, but returning Bitcoin to a useable network (reasonable fees, low confirmation times) and encouraging user growth is much, much more important as ultimately more users means more people to run nodes.
And if Unlimited do fork off, what does that mean?
It means Bitcoin splits into two versions. The one with more community/minenode support will likely rapidly come to dominate and be the "new" Bitcoin. The old Bitcoin will have massive confirmation delays due to a drop in hash rate and probably die off entirely as its price crashes. Holders get coins on both sides of the fork, so they can just wait and see what happens, or if they are feeling sure they know which side will win they can sell on one side and buy on the other to increase their holdings either ending up with extra coins or none depending on if they correctly predicted which side would win.
Is there going to be a price drop?
No one knows. Depends on if a fork happens, how drawn out it is and how much confusion it creates in the community. Short term, probably yes there will be a price drop of some kind. Afterwards, nobody knows. In MY opinion, Bitcoin Unlimited is likely to win and that will encourage a big price rally as Bitcoin returns to a network able to onboard new users with lower fees and the market sees that it can handle a hard fork to upgrade when necessary.
COUNTRY NODES; 1: n/a: 2880 (26.12%) 2: Germany: 1884 (17.09%) 3: United States: 1825 (16.55%) 4: France: 556 (5.04%) 5: Netherlands: 418 (3.79%) 6: Singapore: 304 (2.76%) 7: Canada: 301 (2.73%) 8: United Kingdom: 283 (2.57%) 9: Russian Federation: 219 (1.99%) 10: Japan: 200 (1.81%) More (97) Map shows concentration of reachable Bitcoin nodes found in countries around the world. LIVE MAP ... Bitcoin Regulations by Country, in 2020. When it comes to cryptocurrency, the rules of the road can change pretty widely from country to country. This should come as no surprise. Blockchain projects sit on the intersection of two fields that governments have always controlled pretty tightly: currency and investment. Governments like to control the former because it can make an economy, the ... In terms of Bitcoin node distribution, Japan operates only 194 nodes, which represents 2.05% of the entire network. Conclusion. There is no way of precisely determining just how many Bitcoin holders a country has. Even if you can look up crypto surveys or look ad node distributions of the Bitcoin network, you can make some assumptions, but ... Almost all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes. Most full nodes also serve lightweight clients by allowing them to transmit their transactions to the network and by notifying them when a transaction affects their wallet. If not enough nodes perform ... It’s a Bitcoin takeover and if you are not on this list of the top ten nations that are adopting this merchant phenomenon, then you are not a part of Bitcoin Country.Bitcoin has a lot of potential. The possibilities are endless, but more importantly being that it has been quoted as the first true global currency, maybe it will unify and complement global e-commerce.
Coinbase's Secret Master Plan, 85% of bitcoin Has Been ...
This video is unavailable. Watch Queue Queue This Bitcoin Magazine breakdown video is all about the Start9 Embassy. The Embassy is a radical, uncompromising, plug-and-play private server, offering one-c... 🛑 ₿itcoin The SEC has announced they plan to spin up both bitcoin and ethereum nodes. Coinbase has updated it's 'Secret Master Plan'. 85% of all bitcoin has ... Bitcoin is a payment system invented by Satoshi Nakamotoin 2008 and introduced as open-source software in 2009. The system is peer-to-peer; users can transac... It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network ...