Research: Global Bitcoin Node Ranking, with China Ranking Only Fifth

The unique aspect of Bitcoin lies in its global currency design model, which allows access to anyone. A recent study has compiled the distribution and ranking of Bitcoin nodes around the world.

Global Ranking of Bitcoin Nodes

Reports indicate that the United States has the highest number of nodes globally, with a total of 2,349 nodes, followed by Germany with 1,924 and France with 604 nodes. These three countries together account for over 50% of the global nodes.

The list also includes other European and Asian countries, with each country accounting for between 2 to 5% of the nodes, such as the Netherlands, the United Kingdom, Russia, China, Singapore, and Japan. Canada also made it to the top ten, ranking seventh.

According to the data, countries ranked from 4 to 10 hold approximately 25% of the global nodes. Regions outside the top 10 account for the remaining 25%. Surprisingly, China, traditionally known as a mining powerhouse, ranks only fifth, with 4% of the total nodes.

Previous reports from ABM also indicate that the United States leads in the number of ICO projects and the capital raised, reaching 701 ICOs and $7.4 billion in capital raised this year.

Once again, the data shows that the United States holds the largest share in the entire crypto market, not only in investment amounts but also in the operation of Bitcoin nodes.

What Are Nodes?

Nodes are used to process and verify transactions on the Bitcoin blockchain, such as confirming transaction details and maintaining network functionality and security.

Nodes include full nodes, which run a complete Bitcoin client like mining machines. Lightweight nodes are designed to process transactions faster without downloading the entire Bitcoin blockchain for operation, such as mobile wallets, and the study did not differentiate between the two types of nodes.

Previous reports from ABM also show that the U.S. Commodity Futures Trading Commission (CFTC) classified Bitcoin as a commodity in September 2015, with no specific restrictions on mining activities.

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