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1000 validators is very centralized. All you have to do is bribe 2/3rds of them control the chain. This is on top of Solana not having slashing in place to puni
by PretzelPirate 5y ago
1000 validators is very centralized. All you have to do is bribe 2/3rds of them control the chain. This is on top of Solana not having slashing in place to punish bad behavior, and the Solana Foundation hosting validators for people who want to delegate.
Solana’s 1000 validators may not even be owned by 1000 different entities, which reduces the attack difficulty.
Solana scales through centralization, not new ideas in blockchain scalability.
I don’t care how many Bitcoin mining pools there are. Mining pools are different than validators since they are made up of different individuals and not a single controlling entity. I also think PoW should die, and that’s all Bitcoin will ever support.
Edit: if all we want is 1000 entities controlling our chain, we can choose 1000 well-known institutions (banks, libraries, etc…). That would be less vulnerable to bribes and random censoring (perhaps I censor txt if a Dapp that’s competing with my investments) than 1000-ish unknown entities running the chain without any slashing.
- xmly 5y agoSolana and affiliated organizations probably owns 999 validators, that is my guess
- latchkey 5y agoSolana and... EOS and... XRP...
- xmly 5y agoBut people seem not care that much about decentralization, as long as they could trade tokens.
- 1ark 5y agoUsually this spectrum of decentralization is downplayed by all blockchains. When you look at their frontpage it's either not mentioned or hidden how it works, or how many nodes there are, how to become a node etc. Very dishonest and annoying. But the marketing and hype around the L1s overwhelms facts.
- latchkey 5y agoOr the people who care aren't the loudest people in the room.
- lui8906 5y ago> 1000 validators is very centralized. All you have to do is bribe 2/3rds of them control the chain. The network can be halted when 1/3rd of the nodes collude. To my knowledge this allows you to halt the network but not reorg blocks or double spend. > Solana scales through centralization, not new ideas in blockchain scalability. Nonsense. They made different tradeoffs than Ethereum and a number of innovations were made possible by those different decisions. Source: https://medium.com/solana-labs/7-innovations-that-make-solana-the-first-web-scale-blockchain-ddc50b1defda https://medium.com/solana-labs/7-innovations-that-make-solan...