As a way to continue El Salvador’s bitcoiner strategy, President Nayib Bukele would have among his plans for 2025 that there be a Bitcoin node in every home.
The president’s plan was exhibited in X by Max Keizer, the American bitcoiner who lives in El Salvador and who, together with his wife Stacy Herbert, advises Bukele regarding bitcoin policies.
According to Keiser, the idea that a Bitcoin node be located in every home in El Salvador is one of the president’s New Year’s resolutions, as a way to advance development. of a decentralized nation-state model.
As CriptoNoticias explains in its Cryptopedia a node “It is a computer that is connected to others, thus forming a network of participants who can share information and follow certain consensus rules.”
The rules to follow are those They are established by consensus in the Bitcoin networkin a process that is also closely linked to Mining and that depends on the types of nodes that are managed.
In that sense, full nodes are the most recommended for those who You want to be completely sovereign over your moneysince they are the ones who verify transactions, maintain the rules of the network and allow true decentralization
“Backing your Bitcoin wallet with a full validation node gives you the strongest security model and privacy model available to Bitcoin users,” has said bitcoiner and developer Jameson Lopp, highlighting how nodes help shape the decentralized ownership of the network.
Technological infrastructure to advance
However, having a node managed in each house in El Salvador would imply that each household has the necessary technological infrastructure (including Internet access), in addition to a training process.
If a plan like this comes to fruition, the network nodes would increase substantially, considering that the Central American country accounts almost 2 million homes according to the 2024 census. Currently Bitcoin It has about 99,380 nodes connected, according to the statistics from luke.dashjr.org, a monitoring tool developed by Bitcoin Core contributor Luke Dashjr.
The Bitcoin network currently has almost 100,000 nodes. Source: luke.dashjr.org.
Hence Keizer proposes the plan as part of a bitcoinization project which – he assures – work is already being done in the country. Includes the use of nation bonds as a way to acquire more bitcoin, also serving as a mechanism to “bitcoinize the gold reserves of El Salvador.
The bitcoiner refers to the ways that are being evaluated in the United States to creating a reserve in BTC during the incoming administration of Donald Trump, taking into account legal difficulties that currently exist, as cited a few days ago by the president of the Federal Reserve, Jerome Powell. One of the possibilities would be to use convertible credit instruments so that the Treasury Office can buy bitcoins.
At this point, Keizer believes that it will be very difficult for the US to create the strategic reserve. Therefore, he invites investors to go to El Salvador, where the reserve already exists. Thanks to the purchases that the government has made since 2021, the Central American country has in its hands a treasure of almost 6,000 BTC.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
