Solana Surpasses Bitcoin and Ethereum in Resistance to Collusion, Despite Decentralization Concerns
A joint report by ARK Invest and Glassnode has shed new light on the decentralization debate, revealing that Solana may be more resistant to collusion among network participants than Bitcoin or Ethereum.
The report analyzed the resilience of major blockchain networks and found that while Solana scores lower than Bitcoin and Ethereum on a common decentralization metric, its higher Nakamoto coefficient suggests it would require a larger group of entities to collude and disrupt the network.
Solana's Nakamoto coefficient is 19, significantly higher than Bitcoin's at three. This means that while a small group could potentially compromise Bitcoin's network, Solana would be harder to attack.
However, the report also notes that Solana is more geographically concentrated in terms of network infrastructure, with 68% located in Europe, making it vulnerable to regional regulatory actions or infrastructure failures.