ARK, Glassnode Rank Bitcoin Most Decentralized – Ethereum, Solana Face Different Trade-Offs

• In a joint study by ARK Invest and Glassnode, Bitcoin led in auditability, ownership distribution, and geographical resilience, with 63% of its nodes operating behind Tor.

• Just three Bitcoin mining pools could cross the network's 51% hash-rate threshold, while ETH also had a coefficient of three and Solana had 19.

• ARK and Glassnode said no blockchain leads across every measure, with each network making different trade-offs between decentralization, security and performance.

Bitcoin (BTC) ranked as the most decentralized of Bitcoin, Ethereum (ETH), and Solana (SOL) across several key measures according to a new joint study from ARK Invest and Glassnode published on Tuesday.

The report examined the three networks across areas, including a disability, security governance ownership node participation, and geographic concentration. Bitcoin scored strongest in auditability, ownership distribution, and geographic resilience, while Ethereum occupied the middle ground and Solana leaned more towards performance and coordination speed.

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However, the researchers stressed that no blockchain leads across every measure, with each network making different trade-offs between decentralization, security, and performance.