There are Now More Ethereum Nodes than Bitcoin Nodes as Ethereum 2.0 Launches

For the first time in the history of blockchain, Ethereum nodes have surpassed Bitcoin nodes.

This comes on the eve of the Ethereum 2.0 launch which is expected to bring more scalability, increased speed, and efficiency onto the Ethereum network.

Below is the breakdown of the Ethereum nodes as of December 1, 2020 (confirmed by BitKE):

Ethereum – 11, 268 nodes

Bitcoin – 11, 106 nodes

Below is a percentage breakdown of the top 5 countries:

Ethereum:

United States – 27%Story of a
Germany – 14%
China – 11%
Singapore – 4%
Hong Kong – 3%

Bitcoin:

United States – 24%
Germany – 16%
France – 5%
Netherlands – 4%
Canada – 3%

With over 26, 600 validators confirmed and having locked 32 ETH each to stake for the next 2 years, the Ethereum 2.0 Beacon Chain is in full throttle mode.

The launch of Ethereum 2.0 has seen significant support across the blockchain and crypto community as it ushers in the Proof-of-Stake (PoS) consensus mechanism while moving away from the Proof-of-Work (PoW) model that bitcoin currently runs on.

A number of big crypto brands and exchanges have expressed support for Ethereum 2.0

Both Binance and Coinbase, which are among the largest crypto exchanges globally, have expressed support for Eth2 through staking and trading by allowing their users to convert ETH to ETH2 and earn staking rewards.

https://twitter.com/coinbase/status/1333478962576715777

https://twitter.com/binance/status/1333475139283869696

ETH2 intends to solve two of the biggest challenges within blockchain development: limited scalability and high gas prices. Over the course of two years, the Ethereum community plans to increase scale and migrate the current Ethereum chain to the ETH2 chain.

There is no under-stating the monumental changes that Ethereum will undergo over the next couple of years and the Beacon Chain going live is the first step towards this direction.

See you all on the other side!