Ethereum 2.0 to launch with at least 400,000 Validator Nodes

Ethereum 2.0 continues to strengthen its foundation before the main Ethereum network merges with this new version.

Ethereum coin
Photo by shutter_speed on Unsplash

In Short

  • The number of validators increased by 25% in ninety days.

  • Together with advances in test networks, this contributes to strengthening Ethereum 2.0.


In the coming days, it could reach the milestone of 400,000 validators which will verify transactions and ensure the correct functioning of the blockchain. At the time of writing, 396,500 validators deposited their ethers (ETH) into the Beacon Chain Smart Contract, the original shard of the new network, meaning that there are 3,540 to go to reach 400,000. Ethereum could hit this milestone in the next 2 to 3 days, based on its current growth rate.


Ethereum 2.0 reaches this significant number 18 months after creating the contract to deposit ETH in staking, with which a user acquires the right to be a validator on the network. One hundred thousand validators were added in three months, considering that the network had reached 300,000 in February 2022.


You can access the statistics on the current status of the network on beaconcha.in, which also notes that the ETHs amount deposited near 12,686,800. Participants should keep all contributions until the Merge completes, as they're locked in the Smart Contract until then.


In addition, it is essential to note that the final number includes both those deposited by independent nodes and those in staking pools, which offer the possibility for many people to combine their resources to collaborate with the maintenance of Ethereum 2.0 and get rewards for doing so.


Ethereum Validators
In just ninety days, validators on Ethereum 2.0 increased by 25%. (Source: beaconcha.in)

Ethereum will transition to a Proof of Stake (PoS) consensus algorithm instead of the more energy-intensive Proof of Work (PoW) after the Merge with the new blockchain, which users and traders expect in the second half of the year, according to the developers.


Graphic card rigs will not mine new coins when hashing transactions. Instead, designated validators will put their money up as collateral for approved transactions. If they do not act honestly, validators are penalized and could lose their funds.

Why do you have to deposit ETH to become a validator?

Ethereum Foundation, which brings together the leading developers of the network, indicates in its blog that the role of the validator is essential. The network incentive validators to act honestly to not lose their funds in staking.


The sum of 32 ETH was chosen arbitrarily by the Ethereum developers. With this amount, equivalent to $62,900, the formula determines the number of allowed validating nodes. This procedure, in turn, preserves the efficiency of the network by reducing the amount of information transmitted between them.


Staked Ethereum
ETH's staking on Ethereum 2.0 was less than 10M in December 2021. (Source: beaconcha.in)

Proof-of-stake networks move toward The Merge

While the number of validators is still growing, Ethereum 2.0 developers "do their homework" and continue to test all stages and circumstances of the Merge on test networks.


Without going any further, developers have already launched Ethereum 2.0 on the Ropsten testnet. Days earlier, this same testnet suffered an involuntary halt caused by an excessive hash rate.

Despite all this progress, the developers decided to postpone the difficulty bomb on the Ethereum mainnet for at least two months. This stage of the process will be the one that will put a definitive end to mining, a scenario that is getting closer and closer and that has the miners of this network looking for alternatives between selling their equipment or migrating to another cryptocurrency.

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