In a weblog submit, the DeFi agency lays out its arguments, citing the blockchain community’s lively validator rely, Nakamoto coefficient and help for validator {hardware}, which is usually argued to be costly, as causes for the community’s decentralization.
In keeping with the submit, Solana’s validator rely is far increased than most different chains, excluding Ethereum. Moreover, Unstoppable Finance factors out that Solana’s Nakamoto coefficient, a metric that measures the distribution of staked tokens and decentralization, is far increased than protocols like Cosmos and Close to Protocol.
Concerning the criticisms that Solana’s validator {hardware} is dear, Unstoppable Finance argues that Solana has already created a server rental program that offers with the difficulty. Regardless of the arguments in favor of Solana’s decentralization, some neighborhood members can’t be satisfied that the platform is decentralized.
Twitter consumer Les_teezy believes that Solana’s network outages aren’t the principle drawback; as a substitute, the community is “too centralized,” giving just a few the affect to close down and restart the community. The Twitter consumer highlighted that with out decentralization, the community is simply the identical as any conventional system.
Associated: What decentralization? Solana lender Solend approves whale wallet takeover to avoid DeFi implosion
A month in the past, a Reddit consumer who claimed to be a software program developer referred to as Solana a rip-off, evaluating it to an SQL database carried out by conventional finance. The Redditor wrote that if a central group can roll again a ledger, it’s just like centralized finance corporations.
In June, Solend, a lending protocol based mostly on Solana, initiated a controversial motion to take over the pockets of a whale to keep away from liquidations. The transfer obtained large pushback from the neighborhood. Finally, the crew backpedaled and focused on other solutions that don’t require taking up the pockets.
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