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While blockchain networks are approaching decentralization, most decentralized applications (dApps) are not. Instead of being controlled by their communities, dApps are typically controlled by their token holders, often a handful of venture funds and whales.

However, some apps are trying to change that, taking advantage of restaking to secure their network. Already popular on Ethereum, the largest and most decentralized network, restaking is now coming to Solana.

The latest technology on Solana could enable a proliferation of many truly decentralized dApps. On Thursday, July 25, the Jito Foundation released the code for Solanas restaking service. Initially popularized by EigenLayer on Ethereum, this technology enables staked assets to provide security for multiple decentralized applications (dApps) and services.

One key feature of Jitos code is its support for Actively Validated Services (AVSs). Instead of giving all control to token holders, these applications use Proof-of-Stake (PoS) or Proof-of-Work (PoW) consensus. The mechanism allows them to secure the app while maintaining decentralization without giving all control to whales.

Restaking is key for these apps because the alternative, or setting independent consensus mechanisms, has major issues. Because they typically attract just a small number of validators, they are at a constant risk of exploits. With restaking, they can leverage the vast validator base from major networks like Ethereum and now Solana.

Solanas popularity in the dApp space is growing rapidly, largely due to its scalable infrastructure and developer-friendly features. Fast speeds and low fees attract users, enabling use cases that were not possible on networks like Ethereum. The restaking feature will further boost Solanas appeal.

Jito Foundations restaking protocol for Solana offers a high degree of customization. It enables protocols to use any asset for restaking and multiple ways to punish bad validators. This increases its appeal to both validators and developers while also boosting dApp security.

Thanks to these features, apps on Solana can be fast but also decentralized and secure. Still, the feature has not yet been implemented, and time will tell if it is robust enough to handle the vast Solana dApp ecosystem.

The introduction of restaking boosts Solanas position in the blockchain space and paves the way for a more decentralized and user-friendly ecosystem.

Read more about staking and how it works: What is Staking? Cryptos Most Common Passive Income Strategy Explained

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Solana Finally Gets Restaking: Why Its the Key to Decentralization - DailyCoin