Polkadot SDK’s Humanode (HUM) Emerges as Most Decentralized Blockchain, Surpasses Nakamoto Coefficient

  • Humanode, a Layer-1 blockchain built with Polkadot SDK, has become the most decentralized blockchain network to date based on the Nakamoto Coefficient.
  • With 706 active validator nodes, the Nakamoto Coefficient for the Humanode is 236, surpassing the previous leader, Mina, which has a Nakamoto Coefficient of 155.
  • “No project will be able to claim that it is more decentralized than Humanode,” says Humanode co-founder Victor.

Humanode, a blockchain built with Polkadot SDK, achieves the highest level of decentralization based on the Nakamoto Coefficient, promising a more secure and democratic blockchain network.

Humanode Surpasses Mina in Decentralization

Humanode, a Layer-1 blockchain built with Polkadot SDK, has achieved a significant milestone by becoming the most decentralized blockchain network to date. This is measured by the Nakamoto Coefficient, a metric that quantifies the level of decentralization in a blockchain network. With a total of 706 active validator nodes, Humanode’s Nakamoto Coefficient stands at 236, surpassing the previous leader, Mina, which has a Nakamoto Coefficient of 155. Polkadot now holds the third place in the ranking.

Understanding the Nakamoto Coefficient

The Nakamoto Coefficient is a measure that represents how many node operators would be required to control a share of a layer-1 blockchain large enough to shut down the network if validators coordinate to do so. The higher the number, the more decentralized the blockchain is. This means that Humanode’s high Nakamoto Coefficient indicates a higher level of decentralization, making it more resistant to coordinated attacks and increasing its overall security.

Humanode’s Approach to Decentralization

Humanode’s co-founder, Victor, explains the company’s approach to decentralization. “Proof-of-Stake blockchains tend to centralize around the biggest validators or staking protocols, like Lido, which actually hold the infrastructure. If Lido goes down once, people will start questioning the decentralization of Proof-of-Stake networks. They may have millions of nodes, but the real control over consensus is in the hands of few. We always wanted to change this,” he says. β€œIn Humanode, one person can only launch one node, which is verified with cryptobiometric technology. All validators wield equal power, meaning that the Humanode chain decentralization increases proportionally to the number of human nodes.”

Conclusion

Humanode’s achievement in becoming the most decentralized blockchain network marks a significant step forward in the blockchain industry. By ensuring that each individual can only launch one node, Humanode is creating a more democratic and secure network. Looking ahead, the company plans to unveil its governance protocol where one human node has only one vote, thereby creating the first democratic DAO which will control the further development of the core protocol and its ecosystem.

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Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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