Categories: News

Turns out BTCC’s nodes are all hosted by Amazon Web Services

In case you have been following our site, chances are that you might have read the article outlining BTCC’s good deed, when they deployed a total of 100 full nodes to support the bitcoin network.

Well, to put things better into perspective, as Bitcoin was built as a peer-to-peer network, which relies on computer processors to power the system up when transactions are made, the network also needs to validate and relay them. This is accomplished through a vast network of nodes, which stand at the base of the pyramid, supporting bitcoin decentralization, and making the currency harder to be taken down.

While the nodes releases by BTCC are meant to work towards making the network more decentralized, it seems like Amazon Web Services is currently hosting all of these nodes, which is a strange decision from BTCC. Community members are not worried that Amazon Web Services is the wrong platform, but rather by the fact that one company is in control of all these nodes. Because of this, some members are worried that instead of decentralization, this decision is, in fact, brining centralization to the network.

Regardless of this, there is a desperate need for more needs, to allow Bitcoin to grow. According to statistics, there are roughly 5,000 nodes deployed right now, so bitcoin users from all around the world are encouraged to deploy their nodes to help keep the network running.

Related Post

Has BTCC made the right decision to choose AWS to host all the 100 nodes? Let us know your thoughts.

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.

 

 

Daniel Dob

Daniel is a bitcoin investor and journalist for numerous news outlets in the financial sector. When he's not writing, trading, or interviewing people, you can find him swimming, reading or taking one of his hobbies to the next level.

Share
Published by
Daniel Dob

Recent Posts

Bitget Launches OpenAI Pre-IPO Access As Crypto Exchanges Push Into Tokenized Equity Markets

Bitget officially launched pre-IPO access to OpenAI via its IPO Prime platform which deepens their…

9 hours ago

Tether Expands Open-Source Push With New Developer Grants For AI And Payment Infrastructure

Tether's presence in decentralized tech space is growing due to the launch of its developer…

1 day ago

Huma Finance Exploit Hits Legacy Contracts As Platform Maintains Stability And Accelerates Transition To V2 System

While challenges remain, the decentralized finance sector is moving forward, and Huma Finance's exploit serves…

1 day ago

Chainlink Expands Cross-Chain Reach As Major Protocols And Institutions Deepen Adoption 

Chainlink is continuing its mission to be the most widely integrated infrastructure in crypto, adding…

2 days ago

Sui Network Hit Again: DeepBook Exploit Adds To Growing List As Token Defies Pressure With Bullish Breakout

A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem…

3 days ago

Polygon Raises Network Capacity To 140M Gas

Polygon has made a big move in cementing its mission as one of the leading…

4 days ago