According to statistics, the beacon chain will be Over 500,000 as of the 12th. The validator milestone comes as Ethereum core developers gear up for the Shanghai hard fork. Five days ago, Ethereum core developers launched a developer network environment called “devnet 2” for their next upgrade.
Ethereum developers launch ‘Devnet 2’ test network for upcoming Shanghai upgrade. Network Exceeds 500,000 Validators
On January 11, 2023, Ethereum developers announced the Shanghai upgrade, a hard fork expected to occur in March 2023. Launched a new test network for New test for developers The new testnet was briefly discussed at the All Core Devs (ACD) meeting on January 5, 2023.
Following the release of devnet 2, the network passed the milestone with over 500,000 validators the next day, according to stats from beaconscan.com. To become a validator, an individual or organization must physically control a validator client on the beacon chain and hold 32 Ether. According to the exchange rate of Ethereum (ETH) on January 16, 2023, the cost to become a validator will be just over $50,000 at the price of 32 Ethers alone.
Beaconscan.com shows that as of January 15, 2023, approximately 501,215 validators are recorded on the Ethereum blockchain. On the same day last year, there were approximately 282,249 ETH validators. This means that this number has increased by 77.58% in the last 12 months. There were 428,438 validators on The Merge day, a 16.99% increase in numbers today.
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