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Decentralization increasingly untrue? Ethereum consensus and execution layer nodes are at about 6k, under Bitcoin, and way above other projects.
by suikadayo 5y ago
Decentralization increasingly untrue? Ethereum consensus and execution layer nodes are at about 6k, under Bitcoin, and way above other projects.
- donmcronald 5y agoIf the network grows [1] at 2MB/14s that's: 2/14*3600 = 514MB per hour 514*24 = 12.3GB per day 12.3*30 = 369GB per month Even if the underlying blockchain is decentralized, I have no practical way of participating without doing it via some centralized exchange. How many nodes will there be if ETH hits $0? What will happen to the services like ENS? 1. https://www.bitrates.com/guides/ethereum/how-many-ethereum-are-there https://www.bitrates.com/guides/ethereum/how-many-ethereum-a... Is the above accurate? Wikipedia says the whole network is 1TB, so that doesn't quite add up for me.
- suikadayo 5y agoIt’s about 1.1TB for full sync geth nodes, and growing. Ethereum researchers are looking into statelessness and state expiry which aim to make it even easier to run nodes with little need for space. People will continue to run nodes regardless of the price of ETH, just like Bitcoin. ENS is a smart contract protocol, so I don’t see how it’s related.