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Jack Dorsey launches his own Bitcoin Node

Jack Dorsey launches his own Bitcoin Node
Twitter CEO Jack Dorsey (File Photo | PTI)

Jack Dorsey, the CEO of Twitter and Square, has launched his Bitcoin (BTC) node. Dorsey shared a screenshot of the Bitcoin node software Bitcoin running on his computer. Nodes are crucial in supporting the Bitcoin network running. This means Dorsey is willing to process Bitcoin transactions and record them in encrypted blocks of data.

However, a Bitcoin node is software functioning on the Bitcoin blockchain. It saves every transaction ever made on the Bitcoin network and examines whether they are all real transactions. It also allows someone to develop transactions and present them to the network. Recently, there are 7,300 nodes on the network right now. In the comments, Bitcoin node software provider Umbrel, which provides the easiest way to manage a Bitcoin node on a Raspberry Pi—questioned whether he would set up on a Raspberry Pi next.

Jack Dorsey sets up the Bitcoin Node via M1 Macbook Chip

To this, Dorsey stated that he was commencing the process from scratch. Dorsey further said that he had set it up utilizing an M1 Macbook chip. This is the most advanced in Apple’s line of laptop processors. It’s a high-performance processor that allows faster applications via less power. It also implies this may be Dorsey’s first Bitcoin node. According to the picture in Dorsey’s tweet, he is recently synchronizing with the Bitcoin blockchain, which is proximately 326 GB in size. The synchronization process can consume weeks depending on the computer and internet rate. Dorsey’s screenshot showed that he synched around 2% of the chain to date.

Jack Dorsey is a prominent proponent of Bitcoin, introducing Bitcoin payments to Square’s cash app. He also launched Square Crypto that supports Bitcoin development. In Feb. 2020, the Twitter CEO introduced a Bitcoin emoji for social media that offers the iconic Bitcoin logo. In February 2019, he arrived on the Joe Rogan Experience Podcast, where he announced that the Internet would have a coin and that currency maybe Bitcoin. Dorsey operating a full node may have provided the network with further support. Only a week ago, Elon Musk advocated about Bitcoin in his twitter bio, which sparked a surge of optimism observing the price of BTC.

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