Bitcoin’s Nodes Surpass Ethereum’s Nodes By Thousands: Report

Bitcoin’s nodes surpass the ones of Ethereum by thousands as the network of the benchmark cryptocurrency continued to grow as we are reading further in the bitcoin news now.

According to Trustnodes reports, Ethereum’s network was the largest when it comes to the number of nodes and the blockchain dominated the industry regarding the size. However, the number started declining in 2019 and is currently being cut down by around 3,000 since the start of the year. More than half of the lost nodes were closed since Etehreum’s December hard fork which is a very sudden change for the blockchain. On the other hand, Bitcoin’s nodes kept on increasing throughout the year.

Bitcoin even managed to surpass Ethereum at one point earlier this year when it reached about 10,266 nods while Ethereum’s high point in 2019 was only at 10,08 nodes. According to a report published back in May this year, Bitcoin never had only 10,000 nodes but the network managed to surpass 100,000 around the time the report was published. This shows only that Ethereum was never getting close to BTC if we take into consideration that the calculations are true.

However, this doesn’t change the fact that Ethereum’s nodes were falling at a huge rate over the year and especially in December. At the lowest point, ETH hit 6,500 nodes and this was soon followed by a slight recovery that helped it come back to around 7,000. The sharp drop in ETH nodes was surrounded with speculation for a few weeks and many assumed that it could have something to do with the low interest in the project. Ethereum’s price kept on dropping for the last six months just as Bitcoin did as well. The maintenance for Ethereum also had a lot to do since the project had to cut off a few of the upgrades to continue getting better.

This drop was obvious a few weeks ago once the project hard forked to add gas fee efficiencies and in the meantime, the nodes that failed to upgrade properly got also cut off from the network costing ETH around 1,500 nodes. This is not the worst-case scenario for Ethereum since the project is bound to see another hard fork in the near future to delay its difficulty bomb for about two years. This means that the project will lose a chunk of its nodes again in less than two weeks. Bitcoin had a different approach and it gives the nodes the ability to choose whether they will want to upgrade.