- Twitter CEO Jack Dorsey has been a very important Bitcoin supporter for years. Now, he decided it was time to take the next step and run a full Bitcoin node. In other words, the Twitter CEO joined the group of people who process and approve Bitcoin transactions.
Twitter CEO Jack Dorsey has been a very important Bitcoin supporter for years. Now, he decided it was time to take the next step and run a full Bitcoin node. In other words, the Twitter CEO joined the group of people who process and approve Bitcoin transactions.
Twitter CEO Jack Dorsey preparing to run a BTC node
Dorsey recently posted a new tweet in which he shared the fact that he runs his own Bitcoin node. The tweet was broadcast earlier today on February 5th, and also shared a screenshot of software called Bitcoind, a program used to run a BTC node.
When Dorsey took the screenshot, the program was syncing with the BTC blockchain, meaning it was downloading the entire history of the chain to the device. In other words, the transaction of an outsider will soon be handled by the Twitter CEO.
Besides the photo, Dorsey just wrote “running #Bitcoin”. At the time of writing, the size of Bitcoin’s blockchain was about 325 GB, so synchronization may take some time. Depending on the speed of the computer and the internet, this can take anywhere from a few hours to a few days, and in extreme cases – even a week or more.
On top of that, Dorsey was able to sync only 2% of the blockchain at the time he took the screenshot.
Dorsey does not become a BTC miner
Before long, the community started asking questions, and Dorsey revealed some details, such as the fact that Apple built the BTC node using the latest laptop processors, the M1 Macbook chip.
Another point to note is that Dorsey will not be a Bitcoin miner. With this activity, it will not get a share from the block reward. Instead, nodes serve to host an immutable copy of the blockchain. Essentially, the nodes are there to ensure that the actual shape of the blockchain remains in as many copies as possible so that no one can hack and change the majority so that they cannot change the reality.
In short, Dorsey contributes to Bitcoin’s network security alongside 7,000 to 11,000 other users.