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

Quickex Expands Cryptocurrency Options with Over 200 Coins Available for Exchange

Quickex, a cutting-edge cryptocurrency exchange platform, announces a key milestone by enabling over 200 coins…

10 hours ago

EigenLayer Airdrop Attracts Legendary Trader GCR And Justin Sun’s Team

EigenLayer, the innovative blockchain project, has recently made headlines with its first season airdrop announcement,…

16 hours ago

Uniswap’s Latest Upgrade Allows Direct Purchases With Robinhood Balance

Uniswap, the leading decentralized exchange, has recently enhanced its functionality by integrating Robinhood Connect into…

16 hours ago

Anonymity vs. Transparency: BlockDAG’s Post-Forbes Dilemma

Anonymity vs. Transparency: Where Will BlockDAG Go After the Forbes Doxxing? The cryptocurrency market has…

17 hours ago

Top ICOs: BlockDAG, Dogeverse, 99BTC, WAI, eTukTuk & Others

Top 7 Crypto ICOs: BlockDAG’s Over $22M Presale Surge Outshines Dogeverse, 5thScape, WAI, 99BTC &…

23 hours ago

BlockDAG Revolution: Forbes Disclosure Propels It to New Heights

Forbes Disclosure Catalyzes BlockDAG Presale: Is This Crypto Innovation the Future or Just a Tech…

1 day ago