Solana said to be ‘more decentralized than people think,’ but there’s more

According to the post Solanas validator number is higher than any other chain except Ethereum (ETH). DeFi also points out that Solana has a Nakamoto coefficient that determines decentralization and distribution of staked tokens.

Comparing Solanas validator counts to other networks. Source: Ultimate (by Unstoppable Financing).

DeFi posted its factors in an article. They pointed out the active validator count, Nakamoto coefficient, and support for validator hardware, which are typically argued to have high costs, as factors for decentralization.

Twitter user wles_teez thinks Solanas network issues are not the issue. According to the neighborhood member, the issue lies in the networks “too centralization,” which offers just a few people the power to close down the network and reboot it. Twitter user mentioned that the network cant be decentralized and is the exact same as any other system.

A Solana-based lending protocol started a questionable move in June to take control of the whales wallet to avoid liquidations. It was met huge backlash from the neighborhood who called it out. The team ultimately began and backtracked to try to find other options that didnt involve taking over the wallet.
Find out more.

Unstoppable Finance reacted to criticisms of Solanas expensive validator hardware. They argued that Solana had already developed a rental program for servers that deals with the issue. Regardless of all the arguments for Solanas centralization, some members of the neighborhood are not encouraged that it is genuinely decentralized.

Unstoppable Finance responded to criticisms of Solanas pricey validator hardware. They argued that Solana had actually already developed a rental program for servers that deals with the problem. Twitter user wles_teez believes Solanas network problems are not the problem. Reddit user Solana, who claimed to be a developer, called Solana a scams a month earlier.

Reddit user Solana, who declared to be a developer, called Solana a scams a month ago. He compared it to traditional finances SQL database. Redditor said that a main group could roll back a journal and it would be comparable to centralized financial firms.

Related: What is decentralization? Solend, a Solana loan provider approves a whale wallet takeover in order to prevent the implosion of DeFi.

Unstoppable Finance, a Solana-based Decentralized Finance (DeFi), argued that Solana is more decentralized then people believe. There is another side to the coin that believes that the blockchain platform has actually ended up being more main.