Categories: News

Your Subreddit Usage Tells A Lot About Bitcoin Nodes

There seems to be an interesting correlation between the number of Bitcoin nodes in circulation and the amount of people using certain subreddits. It is no surprise most of the Bitcoin Core nodes belong to people who use /r/Bitcoin quite often. But how to these statistics hold up for other types of nodes and Bitcoin subreddits?

Also read: PayPal Mobile Update Adds Better Android Security

Bitcoin Subreddit Affects Node Choice

It goes without saying that most people who visit /r/Bitcoin will hardly ever look past the option of Bitcoin Core as far as software choices go. Most discussions about other Bitcoin software options are censored and deleted by moderators, which is not exactly creating a healthy competitive ecosystem.

That being said, Bitcoin Core is the most common wallet solution for computer users all over the world, as it is the main branch of Bitcoin development. With slightly over one in three Bitcoin Nodes running the Bitcoin Core client, there is a healthy support for this main branch of development. Keeping in mind how 72.41% of all Bitcoin subreddit users originate from /r/Bitcoin, it is not hard to see where the preference is coming from.

Alternative Bitcoin software solutions face a similar fate. Bitcoin Classic, which is the main contender to Bitcoin Core right now, represents close to 17% of all bitcoin nodes. Interestingly enough, 20.92% of Bitcoin Reddit users find their home at /r/BTC, which is far more open towards discussions about different approaches to solving the ongoing block size debate.

Related Post

Bitcoin XT has been losing a lot of ground ever since turncoat Mike Hearn left the Bitcoin ecosystem and went to work on private blockchains for the banks. With only 2.2% of all Bitcoin Nodes supporting Bitcoin XT right now, and 2.07% hailing from /r/BitcoinXT, support is slowly but surely dwindling.

Bitcoin Unlimited (1.11% of nodes) and Bitcore (1.15% of nodes) are slowly overtaking Bitcoin XT in the ranks. Both solutions seem to gain a lot of support from /r/Bitcoin_Unlimited and /r/Bitcoin_Classic. Last but not least, there is “other” and btcd, which combines for an additional 1.94% of Bitcoin nodes. By the look of things, /r/Bitcoin_uncensored seems to be where most of these Bitcoin Nodes are coming from.

In the end, it seems like the type of Bitcoin Nodes people run is partially influenced by the Bitcoin subreddits they use. It is clear that Bitcoin Core is the still the undisputed king of the hill, although the Bitcoin Classic Nodes are on the rise. It will be interesting to see how these numbers keep evolving over the next few weeks.

Source: CoinDance

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Tether Pushes For Massive $500 Billion Valuation In New Funding Round

Tether is reportedly making a bold move that’s already turning heads across the crypto and…

1 day ago

Solana Foundation Rolls Out Agent Skills For AI Tools 

The Solana Foundation just dropped something new, and it’s clearly aimed at developers working with…

1 day ago

Circle’s $420M Compliance Gap Exposed As USDC Freeze Failures Raise Industry Concerns

A new report from on-chain investigator ZachXBT is putting Circle under intense scrutiny, alleging more…

2 days ago

Ethereum Foundation Shifts Strategy Toward Staking, Which Signals Stronger Long-Term Confidence

The Ethereum Foundation is making a noticeable shift in how it manages its ETH holdings,…

2 days ago

Polymarket Shifts Fully Into Fee-Based Model

Polymarket has quietly entered a new phase, and it’s already starting to show in the…

3 days ago

YZi Labs And Susquehanna Back PredictFun With New Investment

YZi Labs, alongside Susquehanna Crypto, has made a fresh strategic move into the prediction market…

3 days ago