21 companies team up with BitNodes to maintain declining Bitcoin network nodes

21 has pledged to shore up the declining number of bitcoin network nodes.

Chief Executive Officer巴拉吉•斯里尼瓦桑said in a company blog post that 21 intends to shore up the declining number of nodes that are critical to supporting all bitcoin transactions.

There are 12% fewer nodes at this time this year than at this time last year. This continued decline means that the Bitcoin network is becoming less stable.

The blog post reads:

“Bitcoin’s full nodes help protect the health of the Bitcoin network. As light clients continue to grow and take up a very important part of the Bitcoin network, we must help maintain the high security of these light clients, which also means we have to maintain a critical mass of full nodes.”

To this end, 21 has partnered with BitNodes, a project founded in 2013 by developer Addy Yeow , to assess the health of the Bitcoin network by identifying all accessible nodes.

According to the 21st Century Business Herald blog post, the Yeow Index, which automatically scrapes the bitcoin network every five minutes to estimate the number of multi-function full nodes, will now be “permanently” owned by 21st Century.

excitation

Unlike miners who can receive Bitcoin rewards as compensation for their computing power, nodes cannot be compensated. Usually, nodes are run voluntarily by enthusiasts without asking for anything in return.

To this end, Yeow created the BitNodes incentive program, which allows users who run nodes to receive a reward of one bitcoin. As users continue to join the network, the weekly incentive increases, for example, if there are more than 5,000, it is $10, and if there are more than 9,000, it is $30.

It’s unclear whether BitNodes has paid out the fees, as at press time it lists only 175 eligible nodes, while the minimum parameter is 5,000. 21 hopes to expand the BitNodes program to those using the 21 Bitcoin Computer, which was launched a while ago as 21’s first consumer product.

The blog post reads:

“As a user of the BitNodes incentive program, you can mine more Bitcoin on your 21 Bitcoin computer if you are willing to run a full node. The Bitcoin you mine is an additional reward for being a good member of the Bitcoin community.”

21 has said that all of its products will include full node functionality as standard, but it is unclear whether compensation for 21 Bitcoin computer users who join the program will be based on a certain number of BitNodes.

Back in February, Yeow told CoinDesk he was building his own BitNodes project. It remains unclear whether 21st Century is offering these rewards.

Bitcoin Foundation’s Exit

Until last month, the BitNodes project had received support from the Bitcoin Foundation, but executive director布鲁斯•芬顿told CoinDesk that there had been no new developments in the foundation’s sponsorship of the project due to “budgetary and other considerations.”

Due to some unsatisfactory incidents that occurred in the Bitcoin Foundation some time ago, the Foundation reconsidered and decided to focus on core development work.

However, Bruce also expressed support for projects like BitNodes, hoping that such projects can be sponsored in a decentralized manner.

“There are things a nonprofit can do that a for-profit cannot do.