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Elon Musk’s Flagship Tesla Can Power a Full Bitcoin (BTC) Node

Elon Musk’s Flagship Tesla Can Power a Full Bitcoin (BTC) Node

 
An electric-powered Tesla is showing off its latest feat – operating as a Bitcoin node.
Bcoin, a suite of full node implementations for cryptocurrencies such as Bitcoin, Bitcoin Cash and Litecoin, tweeted out a video on Friday that shows Tesla’s onboard computer system being used to power a full Bitcoin node.

Downloading full blocks to this @Tesla pic.twitter.com/j4L84QycxX
— bcoin (@Bcoin) January 16, 2020

A node is simply a computer running a piece of software that can join the Bitcoin network to validate transactions.
Nodes prevent users on the network from double spending by ensuring that a person who is trying to send BTC is in fact the owner and has enough BTC in their wallet to complete the transaction. 
Tesla founder Elon Musk is pro-Bitcoin. Last year he said early adopters of the cryptocurrency deserve a Nobel Prize, calling Bitcoin a “far better way to transfer value than pieces of paper.” However, he has also said there are currently no plans for any of his companies to implement or begin accepting crypto assets.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Scharfsinn
The post Elon Musk’s Flagship Tesla Can Power a Full Bitcoin (BTC) Node appeared first on The Daily Hodl .

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