CryptoAlchemist
Sun Jul 14 2024
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5 answers
1436
How do bitnodes estimate the size of a bitcoin peer-to-peer network?
In the realm of cryptocurrency and finance, understanding the intricacies of peer-to-peer networks is crucial. Could you elaborate on how bitnodes specifically estimate the size of the Bitcoin network? Does it involve a count of active nodes or some form of traffic analysis? Are there any limitations or biases in these estimation methods? Additionally, how frequently are these estimates updated, and how reliable are they in reflecting the true scale of the network? Your insights into this technical aspect of Bitcoin would be greatly appreciated.
