Ethereum Validator Count exceeds 500,000 in front of the upcoming Shanghai Hard Fork -

Ethereum Validator Count exceeds 500,000 in front of the upcoming Shanghai Hard Fork -

According to statistics, the number of Ethereum network validators in the Beacon chain exceeded 500,000 on January 12, 2023. The Validator milestone comes while the Ethereum Core developers are preparing for the Hard Fork in Shanghai. Five days ago, the core developers of Ethereum started a developer network environment called "Devnet 2" for the upcoming upgrade.

Ethereum developers start "Devnet 2" test network for upcoming Shanghai upgrades; Network crosses 500,000 validators

on January 11, 2023, Ethereum developer started a new test network for the Shanghai upgrade, a hard fork that will probably take place in March 2023. The developer's new test environment is called "Devnet 2" because it follows "Devnet 1", which was published in November 2022. The new test network was briefly discussed during the All Core Devs (ACD) Meeting, which took place on January 5, 2023.

Ethereum Validator Counted Count 500,000 before the upcoming Hard Fork in Shanghai
Beaconscan.com Ethereum-Validation statistics for January 15, 2023.

Back then core developer of Ethereum Ethereum blockchain from a proof-of-work (Pow) blockchain to a proof-of-stake (POS) network. The transition meant that instead of miners and ASIC devices that verify transactions, Ethereum validators now take over the verification of onchain transactions on the main layer.

After the publication of DevNet 2, the network exceeded a milestone with more than 500,000 validists the next day, it is said statistics from beaconscan.com. In order to become a validator, a person or organization has to physically manage a Validator client and hold 32 ether . According to January 16, 2023, ether (eth) Exchange courses, the costs for a validator alone would be a little more than $ 50,000.

beaconscan.com states that around 501,215 validers were recorded in the Ethereum blockchain by January 15, 2023. On the same day last year it was about 282.249 eth validators has increased by 77.58 % in the past 12 months. On the day of The Merge there were 428,438 validators, and today the number is 16.99 % higher.

What do you think about the 500,000 validier milestone on the Ethereum blockchain? Share your thoughts on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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