What is Solana?

Solana is a fast and secure blockchain protocol designed for high throughput and scalability. It was created to address the need for a blockchain protocol that can process transactions quickly and securely, and can scale to handle billions of transactions per day. Solana uses a novel consensus algorithm called Proof of History, which allows the blockchain to confirm transactions in under a second. It also utilizes a technique called “Gossip Protocol” to ensure that nodes on the network can communicate efficiently. Solana is built on Rust, a programming language that is known for its reliability and security.

what is proof of stake?

(PoS) is a type of algorithm used by some cryptocurrencies to achieve distributed consensus. In PoS-based cryptocurrencies, miners validate blocks of transactions and receive rewards in the form of coins. The validation process is known as “staking” and involves the miner putting up a certain amount of coins as a stake and then competing to validate a block of transactions and receive the block reward. Unlike in proof of work (PoW)-based cryptocurrencies, where miners receive rewards for expending computing power, in PoS-based cryptocurrencies, miners receive rewards for owning coins.

what are validators?

Validators in crypto refer to a network of participants that are responsible for confirming transactions and maintaining the consensus in a blockchain network. They validate transactions by verifying their accuracy and ensuring they are properly recorded on the blockchain. Validators are typically rewarded with cryptocurrency tokens for their services.

Introduction

As the value of $SOL decreased, more validators began cheating by setting their commission to 100%. They likely hoped that their stakers would not notice. After analyzing the previous epochs, Marinade found that while some cheaters were caught by monitoring tools such as https://validators.app and https://stakewiz.com, many were still able to go unnoticed, particularly by their delegators. In this dashboard we will look at the activity of these validators using marinade data.

Analysis

Based on the given information, it appears that the top 10 validators in terms of commission switching have all significantly increased their commission over the past few months. This could indicate that these validators are attempting to take advantage of the current market conditions to maximize their profits. Additionally, there are certain periods of time where many validators appear to increase and then decrease their commission. This could be due to these validators attempting to avoid detection by monitoring tools and their delegators. Furthermore, the top validator has increased their commission to 100% over 20 times. This indicates that this validator is highly active in commission switching and may be more successful at avoiding detection than other validators. Overall, these findings suggest that commission switching is a common practice among the top validators in the ecosystem.

Validator Fee Chainging Activity

Validator Cheating Normal Commision Rate

Validator cheating activity by Epoch

Analysis

Based on the given information, it appears that over 3000 SOL was stolen through commission cheating by validators on the Solana network between epochs 380 and 382. This indicates that commission cheating is a significant problem on the Solana network and that it is capable of causing significant financial losses. Additionally, over 20 validators participated in commission cheating during each epoch. This suggests that commission cheating is a widespread practice within the Solana network, and that many validators are willing to engage in this behavior. Furthermore, these validators would typically change their commission from a normal range of 0-20% to 100% when participating in commission cheating. This indicates that these validators are actively trying to avoid detection and maximize their profits through this behavior. Overall, these findings suggest that commission cheating is a major issue on the Solana network and that it requires urgent attention and action.

Conclusion

In conclusion, the analysis of the given data indicates that commission cheating is a significant issue on the Solana network. The top 10 validators in terms of commission switching have all significantly increased their commission, and many validators are able to avoid detection through their commission switching behavior. As a result, significant amounts of SOL have been stolen through commission cheating, highlighting the need for urgent action to address this issue.

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