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Bitcoin has nearly 100,000 nodes, but over 50% run vulnerable code

On May 5, the Bitcoin BTC network briefly boasted over 100,000 ‘full nodes,’ but most are still running out-of-date versions of the software.

PSA: a lot of people believe there are about 10,000 Bitcoin nodes. This is incorrect, this number is the amount of *listening* nodes. The total number of Bitcoin full nodes now exceeds 100,000. pic.twitter.com/VYziaKCYzg — Francis Pouliot 🐂 (@francispouliot_) May 5, 2019

Indeed, it is often reported that Bitcoin has somewhere around 9,000 to 10,000 full nodes validating its blockchain (Hard Fork has done this, too!).

According to prominent Bitcoin Core developer Luke Dashjr, that number is closer to 100,000 – and he says it’s because other node monitoring services typically include only one type of node (“listening nodes”).

Whether nodes are “listening” isn’t all that important

The security of the Bitcoin network can be gauged by the number of nodes that keep a complete copy of its blockchain.

These are referred to as “fully-validating nodes,” or “full nodes” for short. Bitcoin miners broadcast messages (transactions) across the network for validation using these full nodes.

A higher number of nodes increases the overall security of Bitcoin by making double-spending more difficult for malicious miners.

Dashjr previously told Hard Fork that popular sites like Coindance only show Bitcoin‘s “listening nodes,” but whether a node is “listening” is a mostly-irrelevant technical detail.

Listening nodes are essentially the same as full nodes, but publicly visible.

Courtesy of Luke Dashjr

“Economic nodes – those handling transactions – can be both listening and not,” said Dashjr. “Frankly, looking at just listening nodes isn’t a very useful metric – non-listening nodes are just as relevant.”

Dashjr said that in a sense, “listening nodes” are much like “open ports,” which ultimately ma...

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