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Ethereum's validator count, about 869,000 today, is sometimes presented as a count of the machines running the network, but that framing is inaccurate. Each validator is a staked identity with its own keys, and it runs as software on a node. A single node can run thousands of them. A node is a computer running Ethereum's client software. It checks every new block against the protocol's rules on its own. Since the Merge, a full Ethereum node runs two clients …
— ORIGINAL POST ·
Ethereum is far and away the most decentralized ledger. Its real node count is 10,000 to 20,000
· r/CryptoCurrency
· Oct 5, 2026