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Why Solana nodes are “10x higher than Ethereum” – founder Anatoly Yakovenko
- Solana’s founder proposed a mechanism to reduce barriers to entry into node operations.
- The executive reflected on how to manage vote shares to address the issue.
Solana [SOL] AND Ethereum [ETH] the leaders discussed various issues in space for a while.
More recently, the Solana Foundation’s crackdown on validators using MEV (Maximum Extractable Value) sandwich attacks has attracted great attention.
The Foundation has withdrawn financial support for some validators to reduce attacks.
It turns out that running a Solana validation node is a lot costlyapproximately $65,000 per year, which in some cases requires the Solana Foundation to provide financial support.
In contrast, an Ethereum validator costs 32 ETH as a one-time payment and excludes hardware and other resources.
Because Solana nodes are 10 times more expensive
Solana founder Anatoly Yakovenko clarified the cost difference over the “best Ethereum investment” in its consensus system.
‘The economic barrier for honest nodes to participate in consensus on Solana is 10 times higher than that of Ethereum ATM. Largely due to the investment Ethereum has made in BLS aggregation for consensus messages.”
BLS refers to Boneh-Lynn-Shacham, an efficient signature scheme leveraged by Ethereum. In particular, the schema can contain several messages verified independently by the validators.
This allows you to effectively aggregate different messages, reducing overall costs.
As Yakovenko noted, Solana’s current mechanism does not correspond to Ethereum’s technique. However, the founder added that Solana will eventually implement such a system.
‘Maybe it’s something Solana will implement sooner or later, maybe he will vote on subcommittees, maybe nothing. As the hardware improves, the minimum fee to send a message to the entire cluster will decrease, so the cost per vote will decrease and the economic barrier will also decrease.
However, one user noted that most of the cost was inflated by vote quotas and asked how Solana would fix the problem. In his response, Yakovenko She said,
“Electoral subcommissions would allow the vote share to be lowered and boxes to be rotated in and out of the commission, which would reduce the voting load and result in lower voting costs”
In the last seven days, 80% of Solana’s total transactions were tied to votes, underscoring their dominance over block transactions.
Source: Solscan
Since voting transactions also incur fees like others, validators bear the cost. Their increased dominance suggests that poll taxes are the primary contributor and perhaps barrier to entry into the space.
It remains to be seen whether Solana will implement the solution proposed by the founder.
Meanwhile, SOL lost 6% as cryptocurrency investors de-risked ahead of the Federal Open Meeting Committee (FOMC) meeting.
The SOL hit a low of $145 on June 11, a level last seen in mid-May, when the market crash extended liquidations across markets.