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Author Topic: [2015-12-25] BTCC Deploys 100 Full Bitcoin Nodes Across Five Continents  (Read 433 times)
LiteCoinGuy (OP)
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December 25, 2015, 06:59:22 PM
Last edit: December 25, 2015, 07:10:35 PM by LiteCoinGuy
 #1

BTCC Deploys 100 Full Bitcoin Nodes Across Five Continents

 BTCC today deployed 100 full bitcoin nodes across five continents to support the bitcoin network. Full bitcoin nodes enforce the rules of the bitcoin network by serving a full copy of the bitcoin blockchain and validating blocks and transactions.

BTCC is the first bitcoin exchange and first mining pool to donate and deploy full bitcoin nodes for the maintenance of the bitcoin network.

http://www.virtual-strategy.com/2015/12/25/btcc-deploys-100-full-bitcoin-nodes-across-five-continents#axzz3vLfWL3X7




for the future?

Proof of Bitcoin Node: Bitcoin Big Data Mining

http://spreadcoin.info/news/proof-of-bitcoin-node-white-paper/

richardsNY
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December 25, 2015, 09:16:01 PM
 #2

It's great that they are contributing with 100 nodes to make the network more secure. I hope more exchanges will follow. That will definitely help to make the currently low amount of nodes higher.
DooMAD
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December 25, 2015, 11:01:57 PM
 #3

As news goes, it's kind of a mixed bag.  The extra security for the network is always nice, but it doesn't ready aid decentralisation if a single group is in charge of a significant number of full nodes.  Provided that lots of prominent companies in the Bitcoin space do something similar, then it's good news.  But if the overall nodecount continues to decline while centralised groups have a larger percentage of them, then it has the potential to be bad news.

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1Referee
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December 26, 2015, 11:58:51 AM
 #4

As news goes, it's kind of a mixed bag.  The extra security for the network is always nice, but it doesn't ready aid decentralisation if a single group is in charge of a significant number of full nodes.  Provided that lots of prominent companies in the Bitcoin space do something similar, then it's good news.  But if the overall nodecount continues to decline while centralised groups have a larger percentage of them, then it has the potential to be bad news.

I am sure more Bitcoin related companies will help the network with adding full nodes. As you say, it might be a problem if the amount of full nodes are decreasing and only a few entities are left with their nodes, then decentralisation is as good as gone. But I am fairly sure that several parties will prevent that from happening by adding their nodes to the network.

We can also add an extra layer of network protection by letting our Bitcoin Core clients open. I am running a full node for more than a few months, and it feels good. If I am to buy a VPS or dedicated server when I need it, then I will install a full node there as well.
LiteCoinGuy (OP)
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December 26, 2015, 08:05:30 PM
 #5

http://www.ibtimes.co.uk/bitcoin-giant-btcc-donates-100-full-nodes-help-maintain-network-1534926

trendax
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December 26, 2015, 09:29:55 PM
 #6

A 100 node deployment is impressive, surely this is just an attempt to improve mined block propagation from BTCC with a private Relay Network.

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December 27, 2015, 08:55:27 AM
 #7

A 100 node deployment is impressive, surely this is just an attempt to improve mined block propagation from BTCC with a private Relay Network.

Does the use of a private relay network still help secure the bitcoin network? Does it just propagate BTCC transactions.
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