Ethereum’s biggest competitor project wither The Solana Foundation, co-founded by its developers, has released its Confirmatory Health Report for March. Researchers compare themselves to other competitors through critical metrics such as the number of validator nodes in the SOL network and the distribution of validators on the network.
1/ The March 2023 Validator Health Report is out.
today, @Solana is one of the largest proof of stake networks in the world by node count, and one of the most distributed by Nakamoto Coefficient. https://t.co/NlxHZqHnV5 pic.twitter.com/1AcDtQK7p2
— Solana Foundation (@SolanaFndn) March 23, 2023
According to the report prepared by the foundation, there are more than 3,400 nodes running on the Solana network. A total of 2,421 active nodes have the authority to verify transactions on the chain. According to the research, the biggest competitor Ethereum Its network has 3,022 different validators. In Avalanche, only 1,193 active nodes are active.
In Which Country Are Verifiers Concentrated?
Solana Foundation, 2,421 different blockchain shared a pie chart in which countries the validator operates.
According to the findings of the researchers, 23% of those who performed verification on the Solana blockchain operated in the USA, while Germany took the second place with 13.2%. It should be noted that there is a more balanced distribution in other countries.
The Solana Foundation emphasized that the SOL network is more decentralized than ETH, according to the metric Nakamoto coefficient, which measures decentralization.
According to current data, 45% of Ethereum validators reside in the USA. This means that a possible sanction in the country will affect the ETH blockchain much more negatively.
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