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.
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.