The number of bilateral gcd of Bitcoin fell nearly 19 percent. Why is it important?

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2018-12-24 15:45:08

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The number of bilateral gcd of Bitcoin fell nearly 19 percent. Why is it important? Source:

According to Bitnodes, the number of nodes with two-way communication in the network decreased by 18.98 percent in 2018. Back in January there were 11 845 pieces, now the network works, only 9597 nod. During the same period of time decreased the number of nodes with one-way communication. Why is it so important? Let's try to understand together.

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Bilateral and unilateral nodes

A Node with two way communication may take, and to form a connection with bloccano, whereas unilateral node can only initiate communication. Unilateral nodes are either the firewall like Tor, or is protected by network address translation (NAT).

Theoretically, the existence of a large number of unilateral nodes on the network of cryptocurrencies makes it more secure. In other words, in the way a potential hacker has a lot of obstacles. In practice, all a little different. The existence of a bilateral or full node depends on the normal operation of Bitcoin, as soon as they can keep a record of all transactions in the blockchain itself .

This drop In the number of bilateral gcd in theory, may lead to centralization of the network, if the remaining full nodes will monitor a limited number of people. If things take a really serious turn, it can end the double-spending attack that will completely destroy public confidence in Bitcoin.

Although this scenario is very unlikely, the fall in the price of the cryptocurrency still strongly influences its blockchain. We will remind, last sudden draining of Bitcoin has forced many miners to leave the industry due to low profitability of mining BTC. Some of them even their equipment in bulk to cover at least part of the losses.

Source: CCN

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