Categories: CryptoNews

Gavin Andresen Causes A Stir With Controversial Ethereum Nodes Comments

The world of cryptocurrency remains one of competition, even though various ecosystems can coexist without any issues. The Bitcoin and Ethereum ecosystems often seem to be at war with one another, even though they could not be more different. A new tweet by Gavin Andresen about the network nodes for Bitcoin and Ethereum has the community riled up once again.

Bitcoin and Ethereum Network Nodes Are Very Different

Gavin Andresen posted on Twitter that he feels the number of Ethereum full nodes will continue to outpace Bitcoin nodes. While the number of Ethereum nodes is indeed higher than Bitcoin’s, that does not mean all that much right now. Full bitcoin nodes verify the entire blockchain at all times, whereas their Ethereum counterparts do not necessarily do so.

Unfortunately, bandwidth is a determining factor for the decentralization of full nodes. Most of the network nodes for either Bitcoin and Ethereum are not hosted on home computers, but rather use cloud services. These packages have limited space regarding the amount of data can be stored, as well as how much bandwidth can be used by these servers. Nodes that do not need to validate the full blockchain and its data are far more preferable.

This also means that the number of Ethereum nodes perceived as full nodes is not entirely correct. There are very few nodes validating all of the information being processed by the blockchain around the clock. Not that there’s anything wrong with that, but it is an important distinction. This has also contributed to the successful Ethereum hard fork, as there were fewer full nodes that needed to upgrade.

It is rather odd to see Gavin post such statements on Twitter:

Related Post

Quite a few cryptocurrency community members are starting to doubt Gavin’s position in the bitcoin space. While he still deserves a lot of respect from Bitcoiners around the world, his reputation has taken some hits. After all, he was fooled by Craig Wright into thinking he was Satoshi Nakamoto, although the evidence presented could have fooled other people as well, in most cases.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago