How Erlay Helps Preserve Bitcoin’s Decentralization

What began out as a dispute on how to scale Bitcoin, whether the size limitation of the blocks that make up the Bitcoin blockchain ought to be increased or not, ultimately changed into a two year long tug of war over the very soul of Bitcoin itself.”Ultimately, it was the little blockers that dominated and as a result Bitcoin stayed strongly in the users control.When it comes to Bitcoin many of the attention is focused on bitcoin the asset and less on the facilities needed to preserve this international, decentralized peer-to-peer (P2P) network. From a geographical standpoint, 32.8% of Bitcoin nodes globally are situated in just seven countries– the United States, Germany, France, the Netherlands, Canada, Finland and the United Kingdom, as of time of composing according to information from BTC nodes analytics platform Bitnodes.Ironically in the international south where there is a substantial need for Bitcoin from a monetary inclusion perspective, there is a paucity of Bitcoin nodes in that part of the world.

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What started out as a dispute on how to scale Bitcoin, whether the size limitation of the blocks that make up the Bitcoin blockchain must be increased or not, ultimately changed into a two year long pull of war over the really soul of Bitcoin itself.”Ultimately, it was the little blockers that prevailed and as a result Bitcoin remained firmly in the users control.When it comes to Bitcoin most of the attention is focused on bitcoin the asset and less on the infrastructure required to keep this global, decentralized peer-to-peer (P2P) network. More details concerning running your own node can be discovered here.Despite the important role that nodes play in the Bitcoin community, its approximated that the number of Bitcoin nodes has actually dropped considerably from a peak of 200,000 in 2018 to less than 45,000 today as of time of composing according to Dashjrs data. From a geographical viewpoint, 32.8% of Bitcoin nodes internationally are located in just seven countries– the United States, Germany, France, the Netherlands, Canada, Finland and the United Kingdom, as of time of composing according to information from BTC nodes analytics platform Bitnodes.Ironically in the worldwide south where there is a huge requirement for Bitcoin from a financial addition perspective, there is a scarceness of Bitcoin nodes in that part of the world. There are many reasons that can explain the reduction of Bitcoin nodes or the lack thereof in other regions; firstly there are a lot of people that are not informed about the value of running a complete Bitcoin node, particularly provided the current fixation with number go up.