Recently, the well-known Chinese Bitcoin show host Yang Yang announced the rebooting of the Bitcoin Super Node Project. Sfards participated in the initial plan, using its servers to host 3 Bitcoin nodes. Two were based in China (Beijing & Hangzhou), and one in Japan, as seen in the following image:
Bitcoin is a decentralized P2P network, validating and confirming transactions is an important aspect of this network. Bitcoin needs more than one network miner to process these transactions. Data needs to pass through ‘nodes’ in order to be broadcast throughout the network. This is the first, and a vital step in the process of handling Bitcoin transactions - - - block chain confirmations.
The difference between running a node and mining is that to run a complete Bitcoin node requires the use of hardware resources with basically no incentive of a reward. The only advantage of running a node is the knowledge that you are helping to maintain the network. Bitnodes.io, a subsidiary of Bitfund, has shown through statistical data that the number of people running a complete node to sustain the Bitcoin network is declining. The number of active Bitcoin nodes across the world has been falling in the past year, currently there are only around 6800 that are running. The continuation of this trend will undoubtedly have an effect on the safety and security of the entire Bitcoin network.
In order to reverse this worrisome trend, the Bitcoin community has only partially begun to act. ‘The Super Node Project’ is a call to increase the number of active nodes for the good of the network and those who use it.
As a digital currency mining company, we feel that we have a responsibility to our customers and to the community at large. Sfards joined the cause last time, and are also going to do so now. We call upon any who are able to help to join us. We want to work together to maintain the security of the Bitcoin network, and in turn to ensure the future development of Bitcoin itself.