On December 1, 2020, the Ethereum (ETH) 2.0 beacon chain is finally launched. On the same day, the price of Bitcoin (BTC) reached a new ATH without touching $ 20,000 as the price of Ether again exceeded $ 600 the day before. Bitcoin enjoys the backing of institutional investors, Ether benefits from the profit prospects offered by staking on Ethereum 2.0.
Ethereum is seeing its node count explode, even surpassing Bitcoin in this field.
They validate the advance of Ethereum over Bitcoin
The total number of nodes on the blockchain Ethereum surpassed that of Bitcoin for the 2nd time this year.
Validators who have registered on Ethereum in anticipation of staking exceeded 11,259 while there are 11,136 validators for Bitcoin.
Within 2 weeks, the number of knots had increased by 50%. According to Blockchain Center Flippening Index, an indicator that assesses the strength of the network Ethereum compared to Bitcoin, this increase allowed the index to go from 50.5% to 62.4% during the month of November 2020.
The number of nodes is the 3rd major indicator where Ethereum surpassed Bitcoin, after the number of transactions and the transaction fees.
When Ethereum DeFi Bitcoin
According to Etherscan, the network Ethereum processed nearly 1.2 million transactions on November 30, 2020, compared to 300,000 for Bitcoin.
The transaction fees amounted to $ 3.6 million while those of Bitcoin amounted to $ 1.4 million.
The boom in Challenge also contributed to this appreciation of the index. The launch of the beacon chain was scheduled for December 1, 2020.
The deployment of the depot contract brought together the 524,288 ETH necessary for staking, just a few hours before the deadline of November 24, 2020.
According to Beaconcha.in, more than 878,800 ETH would currently be blocked on the deposit contract.
December is off to a good start for Bitcoin and Ethereum. There is less than a month to go until it is known which crypto has outperformed the other in 2020. Ether has yet to hit a new ATH, but Ethereum still outperforms Bitcoin in some areas. Bitcoin, on the other hand, could just as well suffer another crash after Thanksgiving, or successfully attack the $ 20,000 and experience further parabolic increases. ETH and BTC both have already actually won the game. This year’s losers? The dollar and the other facts and 2021 won’t necessarily be soft on them.
Litecoin, welcome in the Silver Age