Over 1,900 block-producing nodes in the Solana ecosystem, new report reveals

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Solana released its first-ever, “Validator Well being Report” which revealed info on its community operators. Based on the report the community has over 1,900 block-producing nodes with practically 1,688 (88.14%) of these run by impartial entities. 

Solana says the well being and power of its validators is important to the long-term well being of the ecosystem. Beforehand, the community has confronted backlash for both a lack of decentralization and costly validator {hardware}. 

Although this new report highlights the three,400 validators throughout six totally different continents.

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.

Supply: Solana

It additionally careworn 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 akin 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 trade and customers have been urged to abandon their hot wallets for cold storage wallets for further safety, whereas being vigilant in opposition to scams. 

Associated: Is your SOL safe? What we know about 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 scorching pockets for the Solana layer-1 (L1) blockchain. Stories say the compromised wallets have been at one level, “​​created, imported or used” within the cell software for Slope.

Previous to the pockets hack, specialists speculated a 40% price hike in SOL regardless of the bear market situations. Shortly after the information broke of the hack the cryptocurrency had a worth drop of practically 8%, adopted by a rebound of $40 per coin. 

On the time of writing, SOL hovers round $44 USD per coin.