12:52
Twitter CEO Jack Dorsey Sets Up His Own Bitcoin Node

Jack Dorsey, a long-term bitcoin enthusiast and unarguably one of the most influential proponents of the digital currency and its underlying technology, is now actively contributing to the bitcoin network. After introducing Bitcoin to Cashapp and announcing plans to release an open, decentralized standard for social media, the Twitter CEO is bringing his admiration for Bitcoin closer to home.

Dorsey Reveals Screenshot of His Node Synchronizing With The Blockchain
Dorsey revealed he is setting up a bitcoin node in a tweet earlier today.


“Running #Bitcoin,” he tweeted along with a screenshot that showed the synchronization process of his node with the bitcoin blockchain.

This requires a download of all previously completed bitcoin transactions to bring the node on par with other existing nodes. After he completes the setup, the bitcoin node will enable him to access and verify transactions on the bitcoin blockchain.

Although running bitcoin nodes are not as financially rewarding as mining, it makes the bitcoin blockchain robust. They also ensure fully trustless transactions since the state of a ledger can be monitored and verified.

In a reply to his tweet, Umbrel, a Bitcoin node service provider, asked Dorsey if he’ll consider running a node on Raspberry Pi. He replied that he is “starting from a scratch build on M1 first”.

Dorsey’s Previous ‘Pro-Bitcoin’ Activities
Jack Dorsey has endorsed Bitcoin several times in the past, terming it to be the best native currency of the internet and the future of Twitter.

“Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away, where it exists forever on every single node that’s connected to it.” – He said at the Oslo Freedom Forum last year.

He also encouraged his followers to make Bitcoin donations towards the End SARS protests in Nigeria last year.

Despite openly advocating for Bitcoin adoption, Dorsey is of the opinion that there are still barriers to be scaled on the road to mass adoption.

“We have to build bitcoin in such a way that it is intuitive, it’s as fast and it’s efficient as what exists today, and goes beyond that too,” he said.

Featured image courtesy of LA Times.

Sourse: cryptopotato.com

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Category: News | Views: 53 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoi Price #BTC | Rating: 0.0/0
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