Solanaits first ever, ‘Validator Health Report’ which revealed information on its network operators. According to the report the network has over 1,900 block-producing nodes with nearly 1,688 (88.14%) of those run by independent entities.
Solana says the health and strength of its validators is critical to long-term health of the ecosystem. Previously, the network has facedand expensive validator hardware.
Though this new report highlights the 3,400 validators across six different continents.
9/ Distribution across geographies is important. Resilient blockchains continue operating through all types of global events.
Here’s how stake is distributed across thenetwork, with a snapshot of Ethereum miner distribution for benchmarking.
— Solana Foundation (@SolanaFndn)
Moreover, the report shows how activity on the network has risen in the last year. On average the network has seen 95 new consensus nodes and 99 RPC nodes join every month since June of last year.
It also stressed that the Nakimoto Coefficient on Solana, aka the amount of validator collusion needed to censor the network, is 31 — and growing. A chart published in the report showed Solana with the highest Nakimoto Coefficient compared to other networks such as Avalanche, Binance, and Polygon.
Nonetheless, this report comes in the aftermath of last week’s hack. Aroundincluding Phantom, Slope, and Trust.
The news shook the industry and users werefor extra security, while being vigilant against scams.
Investigations into the hack are currently ongoing. Some experts point to the Slope wallet as responsible for the compromise. Slope is a Web3 provider of a hot wallet for the Solana layer-1 (L1) blockchain. Reports say the compromised wallets were at one point either, “created, imported, or used” in the mobile application for Slope.
Prior to the wallet hack, expertsin despite the bear market conditions. Shortly after the news broke of the hack the cryptocurrency had a price drop of nearly 8%, followed by a rebound of $40 per coin.
At the time of writing, SOL hovers around $44 USD per coin.