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21 Inc Pledges Support to Bitcoin's Vanishing Nodes
21 Inc, the best-funded company in bitcoin, has pledged to support the network's declining number of nodes.
In a blog post co-authored yesterday, CEO Balaji Srinivasan said the firm wants to maintain and incentivise the "critical mass" of full nodes, which form the collective 'backbone' that stores and relays all bitcoin transactions.
Today, there are 12% fewer full nodes than this time last year. This continued decline means the bitcoin network – which finds strength in its distributed design – is becoming less stable.