Skip to main content

Ethereum flips Bitcoin’s node count

A surge of validators awaiting Eth2 staking has pushed Ethereum’s node count to 11,259 — surpassing Bitcoin by more than 100.

Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the second time this year.

According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly 1% lead over Bitcoin’s 11,136. Ethereum’s node count last surpassed Bitcoin’s in early September.

The number of Ethereum nodes has increased by more than 50% in the past two weeks or so, spiking from 8,086 on Nov. 15 — 11 days after the Eth2 deposit contract went live. Ethereum’s node count overtook Bitcoin’s on Nov. 30.

Ethereum historic node count: Ethernodes.org

According to Blockchain Center’s “Flippening” index — which seeks to track the strength of Ethereum’s network relative to Bitcoin — the surge in node counts has seen the index gain from 50.5% to 62.4% over the course of November.

The Flippening Index: Blockchain Center

According to the index, node count is the third major on-chain metric on which Ethereum has currently “flipped” Bitcoin, alongside transaction count and transaction fees.

Etherscan estimates that Ethereum processed nearly 1.2 million transactions in the past 24 hours, compared to Bitcoin’s 300,000. Ethereum also processed $3.6 million worth of transaction fees in the last 24 hours, while Bitcoin fees were worth close to $1.4 million.

The Flippening Index estimates that Ethereum posted a two-year high of 67.68% for strength relative to Bitcoin in early September due to the third-quarter DeFi boom.

Eth2's beacon chain genesis kicks off in just a few hours from now. The launch of the deposit contract allowed ETH holders to designate their Ethereum for staking, with the 524,288 Ether required to initiate the launch of the beacon chain being surpassed just hours before its deadline on Nov. 24.

According to Beaconcha.in, 878,808 Ether have now been sent to the deposit contract. The beacon chain’s genesis will lay the groundwork for sharding and proof-of-stake.



from https://ift.tt/3fSz5Tm
https://ift.tt/39uqncF
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...
Post a Comment
Read more

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...
Post a Comment
Read more

Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF. Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin ( BTC ) exchange-traded fund (ETF) it is seeking to create.  Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to maintain to date approximately 99.5% market share in a two-participant market despite charging more than four times the asset management fee that Osprey charges for its services.” Specifically, Osprey alleged that Graysc...
Post a Comment
Read more