February 28, 2024

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More than 130 network nodes are still operating in China

More than 130 network nodes are still operating in China

Key facts:
  • The Chinese ban is mostly focused on commercial transactions with crypto assets.

  • As of yesterday, 145 knots were operating, but approximately 11 knots were cut.

Despite China’s recent ban on bitcoin and other cryptocurrencies, which it called “illegal,” there are still more than 130 active and operating bitcoin nodes in that country.

According to the data provided by Bitrawr.comIn the Asian giant, the global Bitcoin nodes distribution map indicates this There are 136 knots running at the end of this note.

By definition, a Bitcoin node is a device or software that implements a network protocol and plays an essential role in confirming transactions with the leading cryptocurrency.

As shown in crypto news, which is a node, like the one developed by companies like Casa, that “allows payments to be made and received on the Bitcoin mainnet and on the Lightning Network.”

A system that is not easy to turn off

The fact that there are still nodes operating in China indicates that the Bitcoin ecosystem is more central, which includes companies such as Hopi NS Ali Baba, will be most affected by prohibitions; While distributed software, such as the ones mentioned above, will be able to survive using computer tools, such as VPN.

This is explained because node systems are mode dependent peer to peer (P2P), having a larger database and turning it off will also eliminate the rest of the peers working.

Before that, It is not known if the Chinese government will seek to close the current 136 knots of Bitcoin That continues to run, although as of yesterday, according to Bitrawr.com, there were 145 in operation.

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According to a memo from the People’s Bank of China last week calling for a ban on BTC, the approach of the Chinese authorities It is dismantling the ramps of access to BitcoinBecause when it comes to stock exchanges, sites and institutions have to deal with that cryptomoni.

But it is necessary to clarify that when public access to Bitcoin is limited, mining it and any operation with it is considered illegal; Its performance is totally affected.

It is very difficult to get rid of the Bitcoin P2P network. Source: Bitrawr.com

But there is no complete victory. The current 136 active nodes operate on an open network, making it easier for the government to trace Internet protocols, or IP addresses, discover locations and identities, and eventually shut them down.

However, Bitcoin can respond using Tor, an anonymous network that allows Bitcoin users and nodes to connect to the Internet while masking their locations in real time.

Moreover, it is possible, as they point out from the site, that there are many more nodes than just 136 currently visible on Bitrawr.com, thanks to the Tor network. But there is no subtlety in that.

The new Chinese ban

On September 24, the People’s Bank (Central) of China issued a nationwide ban on bitcoin and other cryptocurrencies.

In a statement, they called for a federal effort to restrict the use of BTC, due to concerns about the “economic and financial system,” and called on major banks in that country to help prevent Chinese citizens from exchanging these assets.

as stated in crypto newsThe main monetary authority in the Asian country has emphasized that all activities related to cryptocurrency are “completely prohibited and strictly rejected in accordance with the law. Anyone who engages in illegal financial activities commits crimes and will be investigated.”

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For the bank, cryptocurrencies have “disrupted the economic and financial system, leading to criminal and illegal activities.”