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Here's how Solana wants to be more decentralized

The Solana Foundation has taken a major step toward greater decentralization of its blockchain network.

By Mike Hesp
• 2 min read
Here's how Solana wants to be more decentralized

The Solana Foundation has taken a major step toward more decentralization of its blockchain network. In a new policy change, it’s decided that for every new independent validator that joins the network, three validators controlled by the foundation will be removed. This means a larger portion of the network will be in the hands of independent participants, rather than nodes steered by the foundation.

View post on XBen Hawkins, head of the staking ecosystem at the Solana Foundation, says the change is intended to improve both decentralization and the network’s operational efficiency.

The move comes as the number of validators on the Solana network continues to grow. According to data from Solanabeach, there are currently 1,303 active validators.

The move comes at an interesting moment in the crypto world. While Ethereum seems to be losing influence among individual users and is increasingly linked with institutional use, Solana is gaining ground. An in-depth analysis of this trend can be found in a prior BTC-ECHO article: Will Ethereum soon be used only by institutions?

Meanwhile, SOL’s price keeps moving. In the last 24 hours, it fell by nearly four percent to about $146. Still, Solana is about 10% higher on a weekly basis.

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