Ethereum Unlocks New Milestone: Number Of Validators Surpass 500K
For the first time since November 2022, Ethereum surpassed the $1.4k mark. Thanks to its 12% weekly incline, the asset was priced at $1411 during press time. On the fundamental front, Ethereum recently scripted another record. The number of validators on its network surpassed the 500k benchmark on January 12. After its network’s shift to the PoS consensus mechanism, miners were replaced by validators . They essentially help in boosting the security of the network by making it more decentralized and less prone to attacks. Source: BeaconScan Also Read: ETH, ADA, SOL trigger “Altcoin Rally” but Investors should be Wary To become a validator on Ethereum, one has to deposit 32 ETH . According to the latest data from CryptoQuant, the total value staked is currently on the verge of hitting the 16 million mark. The staked tokens are locked for now. However, they can be un-staked or withdrawn after the Shanghai upgrade. The same is slated to take place in March th...