Twitter founder and CEO Jack Dorsey has fired up his own Bitcoin (BTC) node. On Feb. 5, the tech billionaire posted a screenshot of the Bitcoin node software Bitcoind running on his computer, meaning Dorsey now lends a hand in validating Bitcoin transactions.
Dorsey posted the screenshot along with the words, “Running #bitcoin”. The photo shows Dorsey’s computer in the midst of synchronizing with the Bitcoin blockchain, which requires that a user download the entire history of the chain to date. The Bitcoin blockchain is around 325GB in size at time of writing.
Running #bitcoin pic.twitter.com/W51ga3yrKb
— jack (@jack) February 5, 2021
The synchronization process can take weeks depending on the computer and internet speed, and Dorsey’s screenshot shows that he’s only managed to synch up 2% of the chain so far.
When asked if he was running the node on a dedicated Raspberry Pi, Dorsey revealed he had set it up using an M1 Macbook chip — the latest in Apple’s line of laptop processors. Dorsey tweeted, “Starting from a scratch build on M1 first.”
Bitcoin nodes are different from Bitcoin miners in that they don’t compete for a share of the block rewards.Title: Twitter CEO Jack Dorsey has fired up a full Bitcoin node
Sourced From: cointelegraph.com/news/twitter-s-jack-dorsey-has-fired-up-a-full-bitcoin-node
Published Date: Fri, 05 Feb 2021 09:20:13 +0000