Ethereum validator count surpasses 500,000 ahead of upcoming Shanghai hard fork

If we talk about another new achievement of Ethereum and also talk about its services, then it has expanded because Ethereum offered another new service. According to reports a new testnet was launched by Ethereum developers for the Shanghai upgrade which launched on January 11 and a hard fork which is estimated to happen in March 2023. The developers will of course call their new test environment “DevNet 2” because “DevNet 1” was released in November 2022. The new testnet was discussed in detail during the All Core Devs meeting held on 5 January, with core developers at the time stressing that their focus remains on extraction. It has certainly been 123 days since The Patient and the time when the Ethereum blockchain transitioned from a Proof-of-Work (PoW) blockchain to a Proof-of-Stake (PoS) network. The transition meant that validators handle the verification of on-chain transactions at the core layer, in addition to the miners and ASIC devices that confirm transactions. According to data from, the next day after the release of DevNet 2, the network passed a milestone of over 500,000 validators. Speaking of which, validators on a beacon chain must physically manage the client and simultaneously receive 32 ether. With the Ethereum exchange rate as of January 16, worth 32 Ether the validator would cost just over $50000. According to another statistic, it is reported that as of January 15, there were approximately 501,215 validators registered on the Ethereum blockchain and on the same day last year there were approximately 282249 Ethereum validators, which means a 77.58% increase over the past 12 months. has gone. On the day of the merge, there were 428,438 validators, and today that number is up 16.99%.


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