Full Bitcoin Nodes Dropped to 3-Year Low The number of nodes in the Bitcoin network dropped to a 3-year low. Writes about this CoinDesk with reference to the developer Luke Jr.

The number of full Bitcoin nodes dropped to a three-year low

The number of nodes in the bitcoin network dropped to a three-year low. Writes about this CoinDesk with reference to the developer Luke Jr.

On Monday, the value dropped below 47,000, where it had not been since 2017 year. Since January 2018, there has been a constant decline in the indicator, when the maximum above 200,000 was recorded.This means that fewer and fewer users are involved in validating transactions and maintaining copies of the network of the first cryptocurrency.

In addition, the Bitnodes service in mid-March announced that it had reached a multi-year low in the number of Bitcoin nodes with IPv4 support, which further confirms the developer's estimates based on his own methodology..

It is curious that in the past, before the rise in the price of bitcoin, the number of nodes grew significantly. From April Of 2019 the rise in the price of bitcoin at certain intervals is no longer supported by an increase in the number of nodes.

The fall in price in March could additionally affect the loss of interest of node operators in cryptocurrency, notes Casa co-founder Jameson Lopp. According to him, the nodes that remain in the network despite the fluctuations in the exchange rate are "the last hope".

Some owners may shut down their nodes because it becomes too cumbersome to keep them up and running. “It gets harder and harder to maintain a Bitcoin node as block sizes start to exceed the rate of technological innovation,” commented Luke Jr.

Bitcoin developer Matt Corallo says the drop in the number of nodes shouldn't pose much of a problem to the network as long as the number of nodes doesn't drop to a critical level..

“Ultimately, absolute numbers don't matter. It is important that users verify transactions with the full nodes they have and that there are enough nodes to download the chain by other nodes, "he explained..

At the same time, it is "very difficult" to determine a "sufficient" number of nodes, he admitted.

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