Ethereum Full Node / Archiev Node

[Bitcoiner2023]

Hello friends,
I have a question about the Ethereum nodes.

Does the full node also give me independence and decentralization and can I use it to verify my payments myself?
Or do I need an archive node for this?


Thanks and best regards

[jrrsparkles]

Running the full node eliminate the reliance towards other parties to trust with your data so having your own ethereum node improves the privacy. The decentralisation is not to the level since it's already switched to PoS so the validators are holding the verification authority not everyone who owns the full node. So it means you can't verify the transactions simply by running a full node, you need to become a validator.

[Bitcoiner2023]

Running the full node eliminate the reliance towards other parties to trust with your data so having your own ethereum node improves the privacy. The decentralisation is not to the level since it's already switched to PoS so the validators are holding the verification authority not everyone who owns the full node. So it means you can't verify the transactions simply by running a full node, you need to become a validator.

I see, so it improves my privacy.
Nobody sees my IP, wallets and assets.

In order to confirm my transactions myself, I have to become a validator.
So I would need to deposit 32ETH for that.


How do I protect my privacy as a validator?
As far as I know, you cannot put the Ethereum Node behind TOR.

Will Ethereum be as decentralized as Bitcoin with the Node + Validator?
Or does nothing come close to Bitcoin in terms of decentralization?



Thanks You and best regards

[jrrsparkles]

In order to confirm my transactions myself, I have to become a validator.
So I would need to deposit 32ETH for that.

I doubt that it is possible to pick your own block even if you stake 32 ETH cause as far as I know the blocks are assigned randomly once a committee has been assigned to a block, one member at random is given the exclusive power to propose a new block of transactions.

How do I protect my privacy as a validator?
As far as I know, you cannot put the Ethereum Node behind TOR.

Will Ethereum be as decentralized as Bitcoin with the Node + Validator?
Or does nothing come close to Bitcoin in terms of decentralization?

Since the upgradation of ethereum network from Proof of Work (PoW) to Proof of Stake(PoS) protocol the decentralization became lesser cause most of the validator in the pool is owned by Binance exchange itself so it can never came close to the mining process but the future of ethereum blockchain is concentrated towards high Transaction per Second (TPS) not the ultimate decentralization.

You can learn more about the staking process with Ethereum 2.0 staking: A beginner's guide on how to stake ETH

[Bitcoiner2023]

In order to confirm my transactions myself, I have to become a validator.
So I would need to deposit 32ETH for that.

I doubt that it is possible to pick your own block even if you stake 32 ETH cause as far as I know the blocks are assigned randomly once a committee has been assigned to a block, one member at random is given the exclusive power to propose a new block of transactions.

How do I protect my privacy as a validator?
As far as I know, you cannot put the Ethereum Node behind TOR.

Will Ethereum be as decentralized as Bitcoin with the Node + Validator?
Or does nothing come close to Bitcoin in terms of decentralization?

Since the upgradation of ethereum network from Proof of Work (PoW) to Proof of Stake(PoS) protocol the decentralization became lesser cause most of the validator in the pool is owned by Binance exchange itself so it can never came close to the mining process but the future of ethereum blockchain is concentrated towards high Transaction per Second (TPS) not the ultimate decentralization.

You can learn more about the staking process with Ethereum 2.0 staking: A beginner's guide on how to stake ETH

Well then it doesn't make sense for decentralization if I become a validator or not.
The verification of payments runs randomly....

Does the same also apply to the Beacon Node?
Are the transactions there also randomly verified?

Well, I will still use the full node to increase my privacy, I don't want any companies to be able to see my IP, wallet or balance.
When ethereum introduces sharding I will use the Archiev node, but right now it's just way too big.

[vv181]

I see, so it improves my privacy.
Nobody sees my IP, wallets and assets.

It improves your privacy by exempting the possibility of third-party tracking/recording/linking your IP with a wallet (account/address). Your wallet and asset in essence still observable on the blockchain.

In order to confirm my transactions myself, I have to become a validator.

Full nodes enforce and verify the rules, they also gossip (share) a transaction they receive across many nodes. Whereas validators, propose a block from and to the full nodes.

Will Ethereum be as decentralized as Bitcoin with the Node + Validator?
Or does nothing come close to Bitcoin in terms of decentralization?

Nothing come close to bitcoin decentralization. Proof of Stake consensus is surely unfeasible to achieve the decentralization that Bitcoin currently has.

Just try to compare the cost to run Bitcoin and Ethereum nodes.

In order to confirm my transactions myself, I have to become a validator.
So I would need to deposit 32ETH for that.

I doubt that it is possible to pick your own block even if you stake 32 ETH cause as far as I know the blocks are assigned randomly once a committee has been assigned to a block, one member at random is given the exclusive power to propose a new block of transactions.

Note: ignore the above part, seems to be wrongly posting the draft.

Does the same also apply to the Beacon Node?
Are the transactions there also randomly verifie?

After the Merge, Beacon nodes known also as consensus clients are no longer separated from the execution client. See: https://ethereum.org/en/developers/docs/nodes-and-clients/

Also, regarding how transactions/blocks get proposed, see: https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/faqs/#how-are-validators-selected.