Connect with us

Hi, what are you looking for?



Over 60% nodes of Ethereum network located on centralized cloud services.

  • Ethereum network is less decentralized than it may seem.
  • ETH/USD is range-bound with bearish bias after a sharp sell-off on Tuesday.

The majority of Ethereum network nodes are hosted on centralized cloud services, according to the latest research conducted by Chainstack
The company prepared a list of ETH nodes and their IP-addresses using the information from Having compared the addresses with the data from hosting providers, Chainstack experts found out that Ethereum network had 8933 nodes as of September 20. Only 3434 (38.4%) were deployed on their own infrastructure, while 5499 (61.6%) were hosted on cloud servers.

Thus, 10 largest hosting providers accounted for 57.3% nodes of the second-largest digital asset. The quarter of all Ethereum nodes are located on Amazon Web Services (AWS). Also, the research revealed that 34% of nodes are from the USA.

Meanwhile, ETH/USD is changing hands at $167.16. The con has recovered from the recent low of $155.62, though it is still 15% lower from this time on Wednesday. ETH/USD is vulnerable to further losses as market sentiments remain bearish ahead of he US opening.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.



Copyright © 2020 Elevenews