Twitter CEO, Jack Dorsey, has been a rather vocal Bitcoin supporter for years now. Now, he decided it was time to take the next step, and start running a full Bitcoin node. In other words, Twitter CEO has joined the group of those processing and validating Bitcoin transactions.
Twitter’s Jack Dorsey is preparing to run a BTC node
Dorsey recently posted a new tweet in which he shared the fact that he is now running his own Bitcoin node. The tweet came out earlier today, February 5th, also featuring a screenshot of the software called Bitcoind — a program used for running a BTC node.
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The program was synchronizing with the BTC blockchain at the time Dorsey took the screenshot, meaning that it was downloading the chain’s entire history onto the device. In other words, someone out there will soon likely have their transaction processed by the CEO of Twitter.
Apart from the photo, Dorsey simply wrote “Running #Bitcoin.” At the time of writing, Bitcoin’s blockchain has around 325 GB-large, so synchronization might take a while. Depending on the speed of the computer and the internet, this could take anywhere from a few hours to a few days, and in extreme cases — even a week, or more.
On top of that, Dorsey has only managed to synchronize 2% of the blockchain at the time he took the screenshot.
Dorsey is not becoming a BTC miner
Soon enough, the community started asking questions, and Dorsey revealed some things, such as the fact that he had set up the BTC node by using the M1 Macbook chip, which is the latest of Apple’s laptop processors.
Another thing to note is that Dorsey is not going to be a Bitcoin miner. He will not receive a share of the block reward for doing this. Instead, nodes serve to host an immutable copy of the blockchain. Essentially, they are there to make sure that the true shape of the blockchain remains in as many copies as possible, so that no one would be able to hack and change the majority, thus changing the truth.
In essence, Dorsey is contributing to Bitcoin’s network security, alongside somewhere between 7,000 and 11,000 other users.