Satoshi Nakamoto Ratio of Solana: How is decentralization measured? ⚖️🌐
To assess the level of decentralization of a blockchain, a metric called the Satoshi Nakamoto Ratio is used. It indicates the minimum number of independent entities (validators, mining pools, developers) that need to collude to compromise or disrupt the network's operation.
What does this mean for Solana? The higher the Satoshi Nakamoto Ratio, the harder it is for one or several groups to gain control over the network, making it more resistant to censorship and attacks.
Why is this important? High decentralization is a key principle of blockchain that ensures its resilience and trust.
Solana's Efforts: The Solana Foundation is actively working to increase the Satoshi Nakamoto Ratio by supporting a greater diversity of validators and encouraging their distribution around the world.
The Satoshi Nakamoto Ratio helps users and developers understand how resilient and decentralized the Solana network is.