Solana harder to dominate despite lower decentralization score: ARK, Glassnode

Solana has a lower overall decentralization score than Bitcoin and Ethereum, but it is harder for a small group of participants to collude and influence block production, according to a joint report by ARK Invest and Glassnode. The report said Solana’s Nakamoto coefficient, or the minimum number of entities needed to reach a threshold capable of influencing the network, stood at 19, higher than Bitcoin and Ethereum, which both scored three. The calculation used a 51% hash-rate threshold for Bitcoin and a 33% staking-share threshold for Ethereum and Solana. However, Solana was more geographically concentrated in terms of network infrastructure, with 68% located in Europe. Bitcoin was split between Europe at 47% and North America at 35%, while Ethereum was distributed across North America at 41%, Europe at 30%, and Asia-Pacific at 26%.