Ethereum, the so-called “world’s decentralized computer” has now surpassed Bitcoin in terms of number of the total nodes,, new data indicates.
Ethereum’s node crusade
Data from Ethereum node service and technology firm Bitfly showed that the number of Ethereum active nodes is 11137, as per a tweet. Bitcoin, on the other hand, has 10981 active nodes.
Nodes are basically the backbone of any blockchain system. Within these is where the blockchain’s data is stored, and they can be run on both commercial servers or the average user computer.
All blockchain nodes are connected to each other and constantly exchange the newest data with each other to keep the network “updated.” Data is hence recorded, spread, and preserved within the blockchain, with nodes that contain a complete copy of the transaction history of the blockchain called “full nodes.”
The fast growth of the ETH network has now catapulted to the largest blockchain network, even though it was created over six years after BTC. This can be attributed to the wide number of apps, instances, and products run on Ethereum in comparison to Bitcoin, which has seen less usage as a tech network and more as a digital asset.
Where are all the Bitcoin (nodes)?
2820 nodes, as per Bitnodes, as classified under “n.a. Meanwhile, the US leads in Bitcoin node adoption (in terms of ‘reachable’ nodes), with more than 1847 nodes (16% of the network) situated in the country. Tech player Germany comes next on the list with 1712 nodes (15% of the network), with France coming in way below — 578 nodes (5% of the network).
Interestingly, China, which controls a majority of Bitcoin’s hashing power, does not look to have any trackable Bitcoin nodes.
The Ethereum network faced strong growth in the past week, with over 2,200 nodes added after Nov. 23. This coincides with the upcoming ETH 2.0 network launch, which sees Ethereum shift from its current proof of work consensus design to a proof of stake mechanism.
It goes live on Dec. 1, i.e. tomorrow, and is the first of a number of different phases. Ethereum would have a faster network, lower fees, and more scalability once ETH 2.0 is rolled out, a move that could take years before being completed in its completely (the different phases will be continually deployed).