Solana's Nakamoto coefficient at 19, higher than Bitcoin and Ethereum

Solana has a lower overall decentralization score than Bitcoin and Ethereum, but it is harder for a small group to influence block production. A report by ARK Invest and Glassnode states Solana’s Nakamoto coefficient is 19, compared to 3 for both Bitcoin and Ethereum. This coefficient indicates the minimum number of entities required to influence the network, using a 51% hash-rate threshold for Bitcoin and a 33% staking-share threshold for Ethereum and Solana. However, Solana's network infrastructure is more geographically concentrated, with 68% located in Europe. In contrast, Bitcoin's infrastructure is 47% in Europe and 35% in North America, while Ethereum is distributed with 41% in North America, 30% in Europe, and 26% in Asia-Pacific.

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