Humanode, a blockchain constructed with Polkadot SDK, turns into probably the most decentralized by Nakamoto Coefficient

[PRESS RELEASE – London, United Kingdom, May 1st, 2024]

Humanode, a Layer-1 blockchain constructed with Polkadot SDK, has grow to be probably the most decentralized blockchain community thus far based mostly on the Nakamoto Coefficient. With 706 lively validator nodes, the Nakamoto Coefficient for the Humanode is 236, taking pictures previous the prior primary, Mina, which has a Nakamoto Coefficient of 155. Polkadot now holds the third place.

The Nakamoto Coefficient is a measure that represents what number of node operators will probably be required to manage the share of a layer-1 blockchain which is sufficient to shut down the community if validators coordinate to take action. The higher the quantity, the extra decentralized the blockchain is.

“Proof-of-Stake blockchains are likely to centralize across the greatest validators or staking protocols, like Lido, which really maintain the infrastructure. If Lido goes down as soon as, folks will begin questioning the decentralization of Proof-of-Stake networks. They could have thousands and thousands of nodes, however the true management over consensus is within the fingers of few. We all the time needed to alter this,” says Humanode co-founder Victor. “In Humanode, one individual can solely launch one node, which is verified with cryptobiometric expertise. All validators wield equal energy, that means that the Humanode chain decentralization will increase proportionally to the variety of human nodes. Think about what sort of Nakamoto Coefficient will probably be achieved after we hit 10,000 nodes or 1 million nodes!? This makes a coordinated assault nearly unimaginable. No venture will have the ability to declare that it’s extra decentralized than Humanode.”

Humanode will quickly unveil its governance protocol the place one human node has just one vote, creating the primary democratic DAO which can management the additional improvement of the core protocol and its ecosystem.

About Humanode

Humanode, constructed on Polkadot SDK as an EVM Appropriate Layer-1, is the primary cryptobiometric blockchain the place one human = one node = one vote. It makes use of personal facial recognition which protects towards a number of accounts and bots profiting from retroactive airdrops, DAOs, DeFi, NFT mints, GameFi, and extra. After only a yr from mainnet launch, Humanode boasts 500,000+ customers and 70+ tasks using its cryptobiometric expertise.