Ethereum network nodes surpassing Bitcoin: the leader of the new blockchain era

In today's digital economy, the Ethereum network, with its unique technical architecture and application scenarios, is gradually surpassing Bitcoin and becoming a pioneer in blockchain technology. Ethereum is not only a cryptocurrency, but also a decentralized platform full of potential, driving the booming development of smart contracts, decentralized finance (DeFi) and non-fungible tokens (NFT). This article will explore the key role of Ethereum network nodes and the huge advantages and potential they have shown in the process of surpassing Bitcoin.

Before understanding the role of Ethereum network nodes, we first need to clarify the basic concept of Ethereum. Ethereum is an open source blockchain platform that allows developers to build and deploy smart contracts and decentralized applications (dApps). Ethereum network nodes are the infrastructure of this platform, responsible for verifying transactions, maintaining network security, and storing blockchain data. Unlike Bitcoin's single function, Ethereum's diversified functions make it an important position in the blockchain ecosystem.

The distributed architecture of Ethereum network nodes makes it highly censorship-resistant and secure. Each node participates in the network's consensus mechanism to ensure data transparency and immutability. Imagine that tens of thousands of nodes around the world jointly maintain a decentralized database, and no one can control or tamper with the data alone. This mechanism not only protects the security of users' assets, but also provides developers with a trustworthy environment, promoting innovation.

It is worth noting that the upgrade plan of the Ethereum network, especially the transition to Ethereum 2.0, has further enhanced the performance and efficiency of its nodes. Ethereum 2.0 will adopt the Proof of Stake (PoS) mechanism to replace the current Proof of Work (PoW) mechanism. This transition not only significantly reduces energy consumption, but also increases the processing speed and transaction throughput of the network. According to relevant research, the transformed Ethereum network is expected to process thousands of transactions per second, while Bitcoin's current transaction processing capacity is only seven transactions per second. This gap will undoubtedly give Ethereum an advantage in processing large-scale financial transactions.

In the field of decentralized finance (DeFi), the role of Ethereum network nodes is particularly prominent. The rise of DeFi has challenged the traditional financial system, and users can borrow, trade and invest without intermediaries. As the main infrastructure of DeFi, Ethereum provides a wealth of development tools and protocols, attracting the attention of a large number of developers and investors. For example, decentralized trading platforms such as Uniswap and Aave are built on the Ethereum network, providing users with liquidity and profit opportunities. The success of these platforms not only proves the powerful capabilities of the Ethereum network, but also provides new ideas for the transformation of the global financial system.

At the same time, the powerful functions of Ethereum network nodes are also reflected in the rapid development of non-fungible tokens (NFTs). As a representative of digital assets, NFTs allow artists, creators, and brands to protect and trade their works through blockchain technology. Ethereum's smart contract function makes the creation and management of NFTs simple and efficient, attracting countless creators to join this emerging market. In 2021, the NFT market transaction volume reached billions of dollars, and many well-known works of art and brands have redefined their value through NFTs. Ethereum's leadership in this field has made it a major platform for digital art and collectibles, further consolidating its importance in the blockchain ecosystem.

However, the development of any technology is accompanied by challenges. One of the main problems facing the Ethereum network is the rise in transaction fees. When the network is frequently used, users need to pay high "gas fees" to complete transactions. This problem has hindered the joining of new users and the popularization of small transactions to a certain extent. In order to meet this challenge, the Ethereum team is actively exploring second-layer solutions such as Rollups and sidechain technology to improve the scalability of the network and reduce transaction costs. These innovative measures not only reflect the vitality of the Ethereum ecosystem, but also show its ability to adapt in the face of challenges.

In the future, Ethereum network nodes will continue to play a vital role. As more and more enterprises and developers realize the potential of blockchain technology, the Ethereum network will become an important force in promoting the transformation of the digital economy. Whether in finance, art, games or supply chain management, Ethereum will provide broad space and opportunities for innovation.

In short, Ethereum network nodes are gradually surpassing Bitcoin and becoming the leader in the blockchain field with its decentralized characteristics, powerful smart contract functions and continuously upgraded technical architecture. Facing future challenges and opportunities, Ethereum is not only a technical platform, but also an important force to promote global economic change. We are in an era of rapid development of blockchain technology, and we look forward to Ethereum continuing to lead the trend and create more possibilities in this historical process.

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A large number of validators waiting for Eth2 certification have increased the number of Ethereum nodes to 11,259, surpassing Bitcoin by more than 100 nodes. This is the second time this year that the Ethereum 2.0 Genesis Team has pushed the total number of Ethereum nodes above the number of Bitcoin nodes.
According to Ethernodes.org, there are currently 11,259 active Ethereum nodes, about 1% ahead of Bitcoin’s 11,136 nodes. The last time Ethereum surpassed Bitcoin in terms of node count was in early September this year.
The number of Ethereum nodes has increased by more than 50% in the past two weeks or so, surging from a peak of 8,086 on November 15, 11 days after the Eth2 deposit contract went live. On November 30, Ethereum’s node count surpassed Bitcoin’s.
Ethereum historical node count: Ethernodes.org
According to Blockchain Center's
According to the Ethereum Flippening Index, which tracks the strength of the Ethereum network relative to Bitcoin, a surge in the number of nodes pushed the index up from 50.5% to 62.4% during November.
Flippening Index
According to the index, the number of nodes is the third major on-chain metric that currently supports Ethereum overtaking Bitcoin, with the number of transactions and transaction fees ranking in the top two.
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 past 24 hours, compared to Bitcoin’s nearly $1.4 million worth of fees.
The Flippening Index estimates that Ethereum’s on-chain strength relative to Bitcoin hit a two-year high of 67.68% in early September, thanks to the DeFi boom in the third quarter.
Eth2’s beacon chain is set to start in a few hours. The launch of the Ethereum 2.0 deposit contract allows Ethereum holders to send their ether as collateral, and the 524,288 ETH required to start the beacon chain has been reached a few hours before the November 24 deadline.
According to Beaconcha.in, 878,808 ether has now been sent to the 2.0 deposit contract. The genesis of the beacon chain will lay the foundation for sharding and proof of stake.