• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analyzing Solana's Approach to Node Operation Cost Reduction

user avatar

by Giorgi Kostiuk

2 years ago


Key Points
  • The founder of Solana suggests a method to decrease the high cost of running a node.
  • Solana aims to tackle the high cost primarily due to voting fees.

Anatoly Yakovenko, the creator of Solana, proposed a strategy to diminish the expensive nature of maintaining a node on the network.

This initiative follows the Solana Foundation's choice to cease financial backing for some validators engaged in MEV (Maximum Extractable Value) sandwich attacks.

Evaluating Node Operating Costs

Operating a Solana validator node comes at around $65,000 annually, a notably higher expense compared to an Ethereum validator's operation.

Yakovenko linked the cost disparity to Ethereum's investment in its consensus mechanism, specifically the Boneh-Lynn-Shacham (BLS) signature system.

The BLS scheme allows validators to aggregate multiple independently verified messages, thereby diminishing the overall expenses.

Proposing Solutions by Solana

Although Solana's current model doesn't align with Ethereum's, Yakovenko mentioned the possibility of Solana integrating a similar framework in the future.

He suggested that the introduction of voting subcommittees could lower the vote fees and decrease the voting burden, ultimately reducing expenses.

The recent statistics reveal that 80% of all Solana transactions in the past week were related to votes, highlighting the substantial impact of voting fees on node operation costs.

The implementation of Yakovenko's proposal by Solana remains uncertain.

Simultaneously, amidst increased caution among crypto investors ahead of the FOMC (Federal Open Market Committee) meeting, Solana's value experienced a 6% decrease.

The cryptocurrency's price declined to $145 on June 11th, a level reminiscent of mid-May, driven by market liquidations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kraken Introduces Onchain Trading for Solana Tokens

chest

Kraken has launched a new feature allowing users to trade nearly 2,500 Solana-based tokens directly within its mobile app, simplifying the trading process and enhancing user experience.

user avatarMaria Fernandez

Amazon Considers Selling AI Chips to Compete with Nvidia

chest

Amazon is reportedly in early discussions to sell its Trainium AI chips outside of its AWS cloud services, potentially increasing competition with Nvidia.

user avatarGustavo Mendoza

Brazil's Crypto Market Sees Significant Growth

chest

Brazil's crypto market received $318 billion in onchain value from July 2024 to June 2025, highlighting its significant growth and central role in Latin America's crypto adoption.

user avatarRajesh Kumar

Morpho Secures $175 Million in Record DeFi Funding Round

chest

Morpho has raised $175 million in the largest funding round in DeFi history, co-led by Paradigm, a16z crypto, and Ribbit Capital.

user avatarMiguel Rodriguez

New Bitcoin Derivatives Contracts Launched

chest

A new set of 24 Bitcoin derivatives contracts has been introduced, focusing on accuracy and relevance in trading.

user avatarLuis Flores

Shiba Inu Exchange Balances Decline Significantly

chest

Shiba Inu balances on Binance have reportedly fallen by 1101 trillion SHIB over the past month, raising concerns and interest among traders.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.