{"id":22342,"date":"2022-08-12T15:48:48","date_gmt":"2022-08-12T10:18:48","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=22342"},"modified":"2022-09-19T18:41:00","modified_gmt":"2022-09-19T13:11:00","slug":"solana-network-healthy-after-hack","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/crypto\/solana-network-healthy-after-hack\/","title":{"rendered":"Solana says network healthy, days after the hack"},"content":{"rendered":"<p>On 10 August 2022, Solana Foundation released a detailed report about the health of its validator network, via a tweet thread. The report talks about the validator count, distribution, and other security metrics\u2014a discussion that resurfaced after the recent hack of Slope wallets on the Solana platform.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Today, the Solana Foundation released its first report on the health of the permissionless <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Solana<\/a> Validator Network. <a href=\"https:\/\/t.co\/1jsylk9J3J\">https:\/\/t.co\/1jsylk9J3J<\/a><\/p>\n<p>The report dives into the validator network and key metrics the Foundation tracks to assess its health. <\/p>\n<p>\ud83e\uddf5<\/p>\n<p>&mdash; Solana Foundation (@SolanaFndn) <a href=\"https:\/\/twitter.com\/SolanaFndn\/status\/1557410014490419200?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>Despite facing the heat for network outages and a more-than-needed centralization, Solana has been addressing the health of its mainnet validator network rather aggressively. Solana has added 3,400 validators across six continents. It also included over 1,900 nodes for consensus\u2014making the network more resilient to attacks.<\/p>\n<p><strong>Why did Solana release the report now?<\/strong><\/p>\n<p>On 3 August 2022, Solana wallets experienced a multi-million dollar hack. As usual, people started blaming the Solana ecosystem, only to realize that the Slope wallet compromise was to blame for this wallet-wide hack. Since then, Solana has been aggressively talking about ecosystem security and this report finally lets the users look at the spread of nodes and validators\u2014which eventually points to breach resistance.<\/p>\n<p><strong>What does the report say?<\/strong><\/p>\n<p>The report suggests that the Solana mainnet isn\u2019t as vulnerable as people make of it. Instead, Solana has a Nakamoto Coefficient of 31 (as of 8 August 2022), which means that at least 31 nodes should be compromised (should collude) to alter block production. Currently, only Avalanche (28) comes close to Solana as far as the Nakamoto Cofficeint is concerned. The likes of Cosmos and Near stand at 7 each.<\/p>\n<p>Reports like these seem to be helping in educating users about the pros and cons of using Solana. Despite the occasional bad news, the SOL\u2019s month-on-month performance\u2014 a 27% uptick\u2014has been off the charts.<\/p>\n<p>Read the report <a href=\"https:\/\/solana.com\/news\/validator-health-report-august-2022\" target=\"_blank\" rel=\"noopener\">here<\/a>:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 10 August 2022, Solana Foundation released a detailed report about the health of its validator network, via a tweet thread. The report talks about the validator count, distribution, and other security metrics\u2014a discussion that resurfaced after the recent hack of Slope wallets on the Solana platform. 1\/ Today, the Solana Foundation released its first [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":22343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[460,6530],"tags":[6467,6536],"class_list":["post-22342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-news-2","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-07-22T13:28:55+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Praniket Nayka\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/praniket\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4b22173b861c31fe922bbaf46c336561?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"Beginner","post_author":false,"guest_author":false,"hide_toc":true,"key_takeways":false,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=22342"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22342\/revisions"}],"predecessor-version":[{"id":22345,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/22342\/revisions\/22345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/22343"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=22342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=22342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=22342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}