The Ethereum (ETH) blockchain has achieved a new milestone, with the number of non-zero addresses reaching an all-time high of 97 million, according to Glassnode data. This record-breaking achievement comes just in time for the highly anticipated Shanghai update, which will take place in almost three days, approximately April 12. The Shanghai update has been a major talking point within the Ethereum community and is expected to bring significant improvements to the Ethereum network. These improvements aim to address some of the network's long-standing issues, such as scalability, security, and sustainability, which have become more pressing as the number of users and applications on the network continues to grow. The increase in non-zero addresses is a strong indication of the growing interest and adoption of Ethereum. This growth can be attributed to various factors, including the rise of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications that leverage the Ethereum network. The Shanghai update is part of Ethereum's ongoing transition to Ethereum 2.0, which will ultimately shift the network from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) system. This change is expected to drastically reduce energy consumption and improve the network's transaction throughput. Furthermore, the update is set to include features like shard chains and the merge of the Ethereum Mainnet with the Beacon Chain, which are designed to enhance the network's performance and scalability. As the countdown to the Shanghai update continues, the Ethereum community eagerly awaits the potential benefits it could bring. If the update delivers on its promises, it could further solidify Ethereum's position as the leading smart contract platform and attract even more users and developers to the ecosystem. This, in turn, could lead to even greater adoption and an increase in the number of non-zero addresses on the Ethereum blockchain.
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