Bitcoin

Ethereum exceeds the number of Bitcoin nodes

The Genesis Stakers of Ethereum 2.0 pushed the total number of Ethereum nodes above the number of Bitcoin nodes for the second time this year.

According to Ethernodes.org, There are currently 11,259 Ethereum nodes active, which is an advantage of around 1% over Bitcoin’s 11,136. The last time Ethereum’s node count exceeded Bitcoin’s was in early September.

The number of Ethereum nodes has increased by more than 50% in the past two weeks, from 8,086 on November 15th, just 11 days after the Ethereum Deposit Agreement came into effect. The number of nodes of Ethereum exceeded that of Bitcoin on November 30th.

Number of historical Ethereum nodes: Ethernodes.org
Ethereum exceeds the number of Bitcoin nodes
Ethereum exceeds the number of Bitcoin nodes

According to the Blockchain Center’s “Flippening” index, which is said to track the strength of the Ethereum network compared to Bitcoin, As the number of nodes increased, the index rose from 50.5% to 62.4% over the course of November.

The index “Flippening: Blockchain Center

According to the index, The number of nodes, along with the number of transactions and transaction rates, is the third major metric in the chain where Ethereum outperformed Bitcoin.

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

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

The Eth2 beacon chain will begin in a few hours. With the start of the deposit agreement, ETH holders were able to designate their Ether (ETH) for stakeout, and the 524,288 Ethers required to start the beacon chain were exceeded a few hours before November 24th.

According to Beaconcha.in, 878,808 ethers were sent to the deposit contract. The creation of the chain of beacons will lay the foundation for the splintering and the proof of use.

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