Solana is destined to become the most decentralized blockchain! Decentralization ultimately comes from fees; without scalability, Ethereum loses the game. SOL price only needs to double to surpass ETH's security budget! As no one has a monopoly on decentralization & security 🧵 Relative to market capitalization, we can even argue that SOL is more decentralized now: ETH's Nakamoto Coefficient is 2! SOL's Nakamoto Coefficient is 19! (Nakamoto Coefficient measures the number of parties that need to collude for an attack) This is a direct consequence of ETH's decision not to implement native delegation, resulting in a single provider (Lido) dominating staking instead! We can also compare the total number of validators; in the case of ETH, these figures are often extremely misleading. ETH supporters often fall into the bad habit of counting multiples of 32 ETH instead of the physical machines involved in block production! Here are the real numbers: ETH has 8.8k validators SOL...
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