“Bet on Solana with local teams,” the executive suggests: here’s why

• A Helius Labs executive expresses concern that large corporations are Solana’s main validators.
• However, one of Solana’s local validators belongs to a super-minority group.

Large corporations such as Coinbase and Binance (BNB) largely dominate sunny (SUN) ecosystem of validators. Is there some more

1700 Solana validators22 players control more than 33% of the total SOL (super-minority) bets.

Mert Mumtaz, co-founder and CEO of Helius Labs, a Solana development platform for cryptocurrency investors, expressed concern about such dominance.

Hitting the false “trust”, “security” and high fees of a giant corporation, the head of Helius Lab called so that users and investors can consider placing bets on their own Solana hardware.

“Large corporations often create a false sense of trust and security. Trust me when I say that Solana is so complex that Solana’s local team can handle uncertainty much better than any giant corporation.”

Problem with Solana core validators

According to Mert Mumtaz, the six largest corporate giants using Solana validators charge an 8% fee. According to Mumtaz, this is a high figure given the availability of alternatives;

“I really don’t like that Solana’s top six validators are giant corporations and not local Solana teams, that needs to change. And they charge up to 8% commission. Bet on your home teams, you pay too much commission”

The leader tipped local validators of the Solana team such as Cogent, Laine and Overlock. He totality What,

“You get much better performance with most of Solana’s own hardware, so it’s literally more security, a better network investment, and better performance all at the same time.”

Curious, according to Solana Beach. dataLaine (Laine stawiz.com), one of the teams represented by Mumtaz, is among the top 22 validators.

This means they are part of a super-minority that could theoretically censor the network if they collude, which poses a critical risk to centralization. This seems to be contrary to what Mumtaz aims to achieve, especially in the area of ​​“security”.

Meanwhile, SOL canceled the update after the network. meeting and was trading at $133 at the time of publication.

On the higher timeframe charts, $130 was a crucial support level for the bulls. Thus, a fall below this level could provide the bears with more leverage.

This is an automatic translation of our English version.