Cryptocurrency Q&A
Is Solana really Decentralised?
Is Solana really Decentralised?
Martino
Sat Aug 17 2024
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5 answers
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I've been hearing a lot about Solana lately, and one of the main selling points is its decentralization. But with so many blockchain projects claiming to be decentralized, I'm starting to wonder if Solana truly fits the bill. Can you explain to me in more detail how Solana's architecture and governance structure support its decentralization claims? And are there any potential concerns or limitations that I should be aware of when it comes to Solana's decentralization?
5 answers
NavigatorEcho
Mon Aug 19 2024
This score places Solana ahead of notable competitors like Ethereum, NEAR, Aptos, and SUI in terms of decentralization.
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Federico
Mon Aug 19 2024
However, Solana still trails behind leaders in decentralization such as Cardano, demonstrating room for further improvement.
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56
68
GwanghwamunGuardianAngelWingsBlessing
Mon Aug 19 2024
The Nakamoto Coefficient is a crucial metric for evaluating the decentralization of blockchain networks.
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150
66
DondaejiDelightfulCharmingSmile
Mon Aug 19 2024
A high Nakamoto Coefficient score signifies a robust and distributed network, resistant to single-point failures.
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125
25
Alessandro
Mon Aug 19 2024
Solana, with its Nakamoto Coefficient of 21, stands out as a decentralized layer-one blockchain network.
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219
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