The number of nodes in the Ethereum network exceeded 11,189.
Activity has increased sharply ahead of the ETH 2.0 Beacon Chain launch, scheduled for December 1.
The increase in activity indicates increased investor confidence in the network.
The Trust Project is an international consortium of media organizations based on transparency standards.
The number of Ethereum nodes almost surpassed the number of nodes in the Bitcoin Trader network, indicating strong activity in the period leading up to the launch of ETH 2.0.
Ethernodes data shows that the number of nodes, or nodes, in the ETH network increased significantly from November 16 to Monday, November 30.
The approach of Ethereum 2.0
The number of Ethereum nodes now stands at 11,161, up from just under 9,000 a month ago. This peak has pushed Ethereum into a neck and neck race with the 11,360 knots of Bitcoin.
The increase in the number of nodes coincides with the high expectation around Ethereum 2.0, which is scheduled to be launched on December 1st.
Bitcoin and Ethereum Nodes: Ethernodes and Bitnodes.
Nodes play an important role in the verification of transactions on the Ethereum blockchain. The increase in nodes is an indicator of the confidence users have in Ethereum.
Several other measures related to the activity of the Ethereum network have seen equally dramatic increases over the last two weeks. The ETH 2.0 deposit contract, which came into force on November 4, reached the threshold required for a launch on December 1.
Ethereum’s co-founder, Vitalik Buterin, provided in a recent Reddit AMA a summarized roadmap for the development and expected benefits.
Catching up with the BTC
The increase in activity on Ethereum is not surprising, especially with the imminent arrival of ETH 2.0. Both networks are on an upward trend, and investor sentiment for Bitcoin is also skyrocketing.
Bitcoin has also experienced strong growth in recent months, largely due to the number of institutional investors that have joined the market.
This includes the support of PayPal and the interest of hedge fund managers such as Dan Tapiero of Gold Bullion International. Both retail and institutional investors have talked about the potential for price increases as a result.
Bitcoin is currently close to its current record high, although last week was volatile. Assets are currently hovering around $19,200.
Although it is not certain that it will reach a new record this time around, investor sentiment is certainly high.