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Ethereum network hits 500,000 validators

Milestone on the Ethereum blockchain: Ahead of the Shanghai Hard Fork, the network is thriving and recording more than 500,000 validators.

By Mike Hesp
• 1 min read
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Ethereum network hits 500,000 validators

Milestone on the Ethereum blockchain: Ahead of the Shanghai Hard Fork, the network is thriving and recording more than 500,000 validators.

According to Beaconscan, there are now more than 500,000 validators on the Ethereum network. A year ago the number was only half as high, namely 282,000. To become a validator, a person or organization must physically run a validator client on the Beacon Chain and own about 32 Ether.

The validator milestone comes as the Ethereum community prepares for the Shanghai hard fork, which goes live in March. A corresponding testnet is already being launched in February.

Shanghai is designed to let Ethereum users withdraw their still-locked rewards.

In the summer, the Ethereum Foundation plans to implement the (EIP) 4844 upgrade to lower transaction costs.

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