Over 1,900 block-producing nodes in the Solana ecosystem, new report reveals
Solana released its first-ever, “Validator Well being Report” which revealed data on its community operators. In response to the report the community has over 1,900 block-producing nodes with almost 1,688 (88.14%) of these run by impartial entities.
Solana says the well being and energy of its validators is essential to the long-term well being of the ecosystem. Beforehand, the community has confronted backlash for each an absence of decentralization and costly validator {hardware}.
Although this new report highlights the three,400 validators throughout six totally different continents.
9/ Distribution throughout geographies is vital. Resilient blockchains proceed working via all forms of world occasions.
Here is how stake is distributed throughout the @Solana community, with a snapshot of Ethereum miner distribution for benchmarking. https://t.co/1jsylk9J3J pic.twitter.com/faepZ4RvYm
— Solana Basis (@SolanaFndn) August 10, 2022
Furthermore, the report reveals how exercise on the community has risen within the final yr. On common the community has seen 95 new consensus nodes and 99 RPC nodes be a part of each month since June of final yr.
It additionally burdened that the Nakamoto Coefficient on Solana, aka the quantity of validator collusion wanted to censor the community, is 31 — and rising. A chart printed within the report confirmed Solana with the best Nakmoto Coefficient in comparison with different networks equivalent to Avalanche, Binance and Polygon.
Nonetheless, this report comes within the aftermath of final week’s hack. Round $5.2 million in Solana (SOL) was hacked from 8,000 wallets together with Phantom, Slope and Belief.
The information shook the business and customers have been urged to desert their sizzling wallets for chilly storage wallets for further safety, whereas being vigilant towards scams.
Associated: Is your SOL secure? What we all know in regards to the Solana hack | The Market Report
Investigations into the hack are at present ongoing. Some specialists level to the Slope pockets as liable for the compromise. Slope is a Web3 supplier of a sizzling pockets for the Solana layer-1 (L1) blockchain. Reviews say the compromised wallets have been at one level, “created, imported or used” within the cellular utility for Slope.
Previous to the pockets hack, specialists speculated a 40% worth hike in SOL regardless of the bear market circumstances. Shortly after the information broke of the hack the cryptocurrency had a worth drop of almost 8%, adopted by a rebound of $40 per coin.
On the time of writing, SOL hovers round $44 USD per coin.
