Decentralized finance service Unstoppable Finance, running on the Solana blockchain, published an article saying that the network is much more decentralized than users think.
The authors cite the number of active network validators, validator hardware support, and the Nakamoto ratio.
According to the publication, the number of Solana validators is much higher than most other networks, with the exception of Ethereum. There are currently 1,875 of them. Additionally, according to Unstoppable Finance, the Nakamoto Solana ratio, a metric that measures token distribution and decentralization, is much higher than protocols such as Cosmos or Near Protocol at 27.
Regarding criticisms of the high cost of validator hardware, Unstoppable Finance claims that Solana has already created a server rental program that solves the problem. One of the challenges of the network that the company acknowledges is “the geo-diversity of validators.” Almost half of them are located in the US and Germany, which makes the operation of the blockchain more dependent on the regulatory regimes of these countries.
Earlier, an investor from the United States accused the main companies of the Solana ecosystem of illegally profiting from the sale of the native SOL token.
Source: Bits
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