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| Jack Dorsey helps the Bitcoin network run smoothly |
Twitter founder (Jack Dorsey) and CEO Jack Dorsey (Jack Dorsey) have created a Bitcoin Node to support the cryptocurrency backbone network by verifying and blocking transactions over the network.
(Jack Dorsey) is the latest among many celebrities to make public commitments to support emerging cryptocurrencies whose prices have skyrocketed over the past year.
The digital currency has grown steadily from less than $ 5,000 in March to more than $ 38,000.
During the economic uncertainty caused by the coronavirus pandemic, institutional investors are increasingly keen to look for diversified investments that have increased in value.
The recognition of Elon Musk and others also led to surprising changes in the market. Executives at SpaceX and Tesla recently changed their bio to the word "Bitcoin" on Twitter.
During our recent Questions and Answers about the Clubhouse app, Musk reiterated his interest and positive outlook on Bitcoin.
He said, “Right now, I think Bitcoin is a good thing. I am a bitcoin supporter. I think Bitcoin is widely recognized by the major funders.
He also decided to be in charge of Square's online payments platform, Jack Dorsey (Jack Dorsey) to mine Bitcoin node and provide additional operational support for the cryptocurrency as it provides the digital infrastructure needed to verify network transactions.
Dorsey shared the news on Twitter and posted a screenshot on Twitter showing the status of the node during synchronization with the Bitcoin blockchain network.
This node means that Dorsey has a role in processing Bitcoin transactions and storing them in encrypted blocks of data. Under these nodes, a node is required for the Bitcoin network to function properly.
In 2019, when the price of Bitcoin fell sharply, (Jack Dorsey) announced that he was spending thousands of dollars on Bitcoin every week due to big changes in the market.
Back then, Bitcoin was one-tenth of what it is today. He said: I thought at the time that there could be a massive acceleration in the next decade and added that he was looking for ways to better serve the Bitcoin community.
I am not waiting to see what will happen to me or what will happen to us as Square, I want to help make it happen, everything is online again for me.