Cryptocurrency Q&A Why Solana is not Decentralised?

Why Solana is not Decentralised?

BlockchainBrawler BlockchainBrawler Mon May 20 2024 | 6 answers 1451
Why Solana is not Decentralised?" This question has been circulating in the cryptocurrency community for quite some time. After all, decentralization is one of the core principles of blockchain technology, promising security, transparency, and freedom from central control. So, what gives? Solana, touted as a high-speed blockchain, seemingly stands out in the crowded crypto landscape. But the claim of its decentralization has been called into question. Its validator nodes, the backbone of any blockchain's decentralization, are reportedly concentrated in a few hands, casting doubts on its true decentralized nature. This concentration of power, if true, poses serious concerns. Decentralization is meant to distribute trust and power, not centralize it. With Solana, it seems like the opposite is happening, which undermines the fundamental principles of blockchain technology. So, what's the explanation? Is Solana truly decentralized, or is it just another centralized system masquerading as a blockchain? The answers to these questions are crucial for anyone considering investing in or using Solana. Why Solana is not Decentralised?

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