Ethereum

FOMC

Solana

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Solana’s founder suggested a method to reduce the high cost of operating a node.</li>
 <li>The high cost is mainly due to voting fees, which Solana plans to address.</li>
</ul>
<p>Anatoly Yakovenko, the founder of <a href="https://coineagle.com/price/solana/" rel="noopener noreferrer nofollow">Solana</a>, has suggested a way to reduce the high cost of running a node on the network.</p>
<p>This comes after the Solana Foundation’s decision to withdraw financial support from some validators using MEV (Maximum Extractable Value) sandwich attacks.</p>
<h2 id="the-cost-of-running-a-node">The Cost of Running a Node</h2>
<p>The cost of running a Solana validator node is approximately $65,000 per year, which is significantly higher than the cost of running an <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> validator.</p>
<p>Yakovenko attributed the cost difference to Ethereum’s investment in its consensus system, specifically the Boneh-Lynn-Shacham (BLS) signature scheme.</p>
<p>The BLS scheme allows for the aggregation of several independently verified messages by validators, lowering overall costs.</p>
<h2 id="solana-s-solution">Solana’s Solution</h2>
<p>While Solana’s current mechanism does not match Ethereum’s, Yakovenko stated that Solana may eventually implement a similar system.</p>
<p>According to Yakovenko, voting subcommittees could help lower the vote fee and reduce the vote load, resulting in lower costs.</p>
<p>In the past week, 80% of all Solana transactions were related to votes, highlighting the significant impact of voting fees on the overall cost of running a node.</p>
<p>It is still uncertain whether Solana will implement Yakovenko’s proposed solution.</p>
<p>Meanwhile, Solana’s price fell by 6% as crypto investors became more cautious ahead of the FOMC (Federal Open Meeting Committee) meeting.</p>
<p>Solana’s price dropped to $145 on June 11th, a level last seen in mid-May, due to market liquidations.</p>

Decoding Solana’s Dominance: How It Surpasses Ethereum by 10x, Explains Founder Yakovenko

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CoinEagle.com

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