A lot of attention is paid to the decentralization of the Bitcoin network.
Bitcoin miners must establish a store in several different jurisdictions to avoid any type of regulatory capture of the network, so the thought goes. Some members of the cryptographic community even saw the cryptographic ban on China’s 2021 as positive because it forced mining operations, until then grouped in the Middle Kingdom, to extend to other continents.
That speech is not so frequent when it comes to stagnation tests such as Ethereum and Solana, but signing sensing aims to make such blockchains as resistant as possible by turning the validator infrastructure in Latin America.
“When we started, 99% of the nodes were located in Europe, the United States and some in Asia,” said the CEO of Senseinode, Pablo Larguia, Coindesk in an interview. “We were the first to bring geographical and jurisdictional decentralization to Latin America.”
With assets worth approximately $ 800 million per platform, Senseinode is the 15th largest rethinking firm worldwide. The largest of them, Kiln, manages more than $ 7 billion.
Senseinode operates in several Latin American countries, including Brazil, Argentina, Mexico, Chile, Costa Rica and Colombia. It also has nodes configured in the United States and Germany. The common point in all these jurisdictions is that Senseinode uses local and regional data centers.
“Most nodes in the United States and Europe are housed at Amazon Web Services. At the end of the day, that is a point of centralization, ”said Larguia.
However, data centers in Latin America are generally not as advanced as Westerners, which has forced Sensein to assume an educational role in some cases and help build the necessary infrastructure to execute betting services.
Read more: Staked Ether is creating a reference point for the cryptographic economy, says Ark Invest
The requirements to execute nodes vary from one protocol to another, Larguia said. For example, some projects may have higher storage requirements if your blockchain history is older.
Node costs also differ. It only needs $ 300 per month to execute an Ethereum validator, while a solana validator will cost $ 800 per month. However, there are no limits for how many tokens can delegate to a single validator of Solana, contrary to the validators of Ethereum, which are limited to 32 eth each. Therefore, Ethereum’s rethink is more expensive to handle for Sensainode than Solana Staking.
“For Polkadot and Avalanche, we have about two or three nodes, but for Ethereum we have as 9,000,” Larguia said.
