The famous and first blockchain to decentralize finance (DeFi) is Ethereum by the use of good contracts. As per the latest news, they have built a wealthy ecosystem, and as of now, they account for 3778 dApps across over 6000 smart contracts. The creation of such dApps is important from the perspective of recreating the monetary system of borrowing, market making, exchanging, and lending.
Ethereum has been hosted by 2843 nodes, and the majority of the nodes are from the Europe and US. If we talk about the percentages, then the US has over 35%, and Germany has over 15% of nodes. North America and Europe, with other continents, have around 80% of the total Ethereum nodes. Additionally, as per the reports, nodes of Ethereum 2.0, the Beacon chain, targets more of the US and Europe. In Ethereum 2.0, the involvement of Beacon Node Chain accounts for 4688, as shown by the reports. Out of the total, one-fourth are in the US, which accounts for around 27.22%.
What is the reason for the major concentration of nodes in Europe and the US?
As per the reports, the nodes are suitable for developed regions with great infrastructure. Also, the Southern areas lack proper development and infrastructure. Many users in the Southern part are without bank accounts. Certainly, that’s not the case with Northern areas. The two continents, US and Europe, seem to be ideal for having blockchain nodes. To make these blockchain nodes in the Southern area available and increase the reach, the nations need to develop.