According to recent data from Bitnodes, 2020 is the explosive year of the anonymity movement in Bitcoin nodes, mainly thanks to the TOR Network.
Privacy becomes a new trend again
It is predicted that 2020 is the year of Bitcoin. One of the most anticipated events is the halving scheduled to take place in May. There is also a pending update that could potentially make the Bitcoin network more efficient. Both of these events could be the cause of a new bull run.
So it’s no surprise that all eyes are on BTC and every move that takes place is well-researched. This is why many people are noticing that the new trend is related to Bitcoin nodes. Thanks to the use of the TOR (Onion Router) Network, bitcoin nodes now operate completely anonymously.
According to data from Bitnodes, the number of anonymous nodes increased from 2.1% to 19.7% in the first two weeks of January.
Increased TOR Network Users
So far, it has not been possible to determine the cause of the increase in anonymous nodes. However, there is no denying that the TOR network is a very useful tool when it comes to dealing with problems that the BTC network encounters during node setup.
Setting up a node is often difficult to do, but TOR can solve that problem. As Bitcoin continues to explode, new nodes also “take the throne”.
In fact, at the end of 2019, it was reported that Bitcoin nodes exceeded thousands of Ethereum. Not only that, Bitcoin fans have been experimenting with nodes recently, even running a full node on a Tesla car.
Data from Bitnodes continues to show that the number of nodes using the TOR network has increased from around 200 to around 2000. In mid-2019, the number of nodes using the TOR network tripled in two weeks, then dropped again. normal level.
As the Bitcoin network grows, where will the price go?
As the number of nodes using TOR increases, the number of nodes using IPv4 and IPv6 gradually decreases, which means that TOR is gaining more popularity and it is likely that users will use it forever.
Although the presence of nodes in many countries – including Germany, France, and the Netherlands – has shown signs of decline, TOR users have yet to be identified. This suggests that at least a few new anonymous nodes exist in these countries.
The growing number of nodes is a good thing for the Bitcoin network, signaling growth in interest and adoption, giving the network more strength to resist 51% attacks. In recent times, the Bitcoin hash rate has also skyrocketed, currently standing at 126 trillion hashes per second.
So far, it seems that only the price of the coin has not increased, many people think it is only a matter of time and it will not be long before the price will catch up with the trend.