Row 41189

Row ID: 41189 | Dataset Entry | Axioma AXP Content Repository

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#Solana Con-Arguments Below is a Solana con-argument written by a deleted user.

> **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana.

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Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

FieldValue
text #Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high conce…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-22
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Raw Record

{
  "text": "#Solana Con-Arguments\nBelow is a Solana con-argument written by a deleted user.\n\n> **Solana Cons**\n> \n> **Centralization**\n> \n> An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end.\n> \n> **Network Outages**\n> \n> * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium\n> \n> * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage.\n> \n> * April 30, 2022: 7 Hour outage due to a DDOS attack by bots\n> \n> **Solana, the token**\n> \n> The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana.\n\n*****\n\nWould you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1NZ0UtNTJCQ2RxMzJpbWx2ZnBlWUttYndmTnZYaVlZQ21iclJrWkVpR1VUcWRCN3BzN1lrTXRTejNJVjBhZXNBMEUxQTJjdHRiSG01WWVzclNKaUo4cFE9PQ==",
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}
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