The Ethereum merge upgrade was once the most anticipated news in the crypto space, but now that it is in the past, the next anticipated update is the Shanghai network upgrade.
As the scheduled Shanghai network upgrade, which is expected to be launched in March, draws near, the number of validators has been seen increasing. It has recently exceeded the 500,000 benchmark since the merge, according to data from BeaconScan.
Ethereum Total Validators Exceeds 500,000
After surpassing the 400,000 benchmark in July last year, the number of validators on Ethereum has now crossed 500,000 and is currently at 501,893.
For context, a validator or a blockchain validator is one who verifies and validates transactions on a blockchain network to prevent double-spending errors, among other blockchain …
