Twitter CEO Jack Dorsey Has Set up His Own Bitcoin Node

Dorsey will now have a hand in keeping the bitcoin network running.

AccessTimeIconFeb 5, 2021 at 10:23 a.m. UTC
Updated Sep 14, 2021 at 12:07 p.m. UTC

Twitter and Square (SQ) CEO Jack Dorsey is further supporting bitcoin (BTC) with the launch of his own "node" – software that helps validate transactions and blocks on the network.

On Friday, Dorsey shared an image on Twitter showing the node in the action of synchronizing with the bitcoin blockchain. He said simply, "Running #bitcoin."

The node will mean Dorsey has a hand in processing bitcoin transactions and recording them in encrypted "blocks" of data. Nodes are vital to keeping the bitcoin network running.

Dorsey is a noted proponent of bitcoin, having brought bitcoin payments to Square's Cash App, and having launched Square Crypto – a team that supports bitcoin development.

Last February, he had Twitter launch a branded hashtag for bitcoin, meaning "#bitcoin" in tweets produced the iconic bitcoin logo.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

CoinDesk - Unknown
2
CoinDesk - Unknown
June Was Bitcoin’s Worst Month Ever

Plus, European crypto regulation comes into view.

CoinDesk - Unknown
3
CoinDesk - Unknown
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Poor macroeconomic sentiment, fears of inflation and systemic risks from the crypto market pushed the cryptocurrency below 2017’s highs.

CoinDesk - Unknown
4
CoinDesk - Unknown
Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

CoinDesk - Unknown