Misconception about cryptocurrency is a common thing. As per others’ points of view, those who have control over the mining power also have control over the network as well. Accordingly, China has the authority to stop generating Bitcoin. It would hardly impact the miners on their network and their control would be negligible in that case. Blockchain-based networks are not able to be controlled by a single entity because miners are empowered by the economy. This is a key aspect of global cryptocurrency network distribution, which ensures decentralization and reduces the influence of any single actor.

Moreover, the form of the network which can run can be dictated by the nodes. Networks can also provide them with political power. Moreover, this political power can be exercised by the consensus mechanism. To know more about bitcoin trading you can visit apps like the BITGPTAPP platform.

What is the need for Geographical Distribution of both networks?

In countries where freedom of speech exists, Bitcoin and Ethereum nodes run at some level. These countries can interact with each other on this topic to express different ideas. This means that government organizations lack the tools to shut down Bitcoin and Ethereum, and the people with nodes on their networks have the authority to prevent their central organization from overcontrolling their networks. Additionally, other distribution licensees ensure that government organizations cannot shut down the networks of others who are willing to use their power within the region. This illustrates the importance of global cryptocurrency network distribution, which prevents any single government from controlling the networks and promotes decentralized interactions. More governments must collaborate to ensure success.

Where are Bitcoin Nodes Concentrated?

Now the question comes to mind that Bitcoin and Ethereum nodes focus on which particular spot geographically and how autonomous are they from miners?  Although the answer to this question is somehow difficult in respect of a network’s healthy accessibility.

The Bitcoin network has more nodes than Ethereum. Bitcoin currently has 9,400 nodes, while Ethereum has 8,200. Countries with more nodes on their network tend to have more freedom of speech. According to cryptocurrency network data, Singapore has the highest number of nodes relative to its population. The Netherlands follows in second place, with a higher node density for Bitcoin worldwide.

As per the study done by Cornell University on the Geographical Distribution of Bitcoin and Ethereum Nodes

In terms of population, Bitcoin nodes pack more densely. This clustering happens because of their higher density. A study by Cornell University shows that miners run around 58% of Bitcoin nodes from data centers. In comparison, about 30% of Ethereum nodes run from data centers. The remaining Ethereum nodes spread more widely, giving Ethereum a key advantage.

Data centers on the Bitcoin network show that miners are mainly responsible for running Bitcoin nodes. As a result, miners with more economic power also have greater political influence. This differs from Ethereum, which operates on a Proof-of-Stake consensus. In Ethereum, validators take over the duties of miners.

Final thought

Although both Ethereum and Bitcoin enthusiasts are well aware of the advantages and disadvantages of their respective network nodes, the node count is still relatively low, which raises concerns. While the nodes have political power within their networks, they also contribute to making them more resilient. Therefore, increasing the number of nodes is essential. This can happen when the crypto networks expand across more geographical locations worldwide, supporting global cryptocurrency network distribution and ensuring greater decentralization and security.