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

17 January 2020, Friday, 17:25 - dailyhodl.com
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.

— 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.

Featured Image: Shutterstock/Scharfsinn



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