United

Humanode

Polkadot

when

London, United Kingdom, May 1st, 2024, Chainwire
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, shooting past the prior number one, Mina, which has a Nakamoto Coefficient of 155. Polkadot now holds the 3rd place.&nbsp;
The Nakamoto Coefficient is a measure that represents how many node operators will be required to control the share of a layer-1 blockchain which is enough to shut down the network if validators coordinate to do so. The greater the number, the more decentralized the blockchain is.
“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," says Humanode co-founder Victor.&nbsp;“In 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.&nbsp;Imagine what kind of Nakamoto Coefficient will be achieved when we hit 10,000 nodes or 1 million nodes!? This makes a coordinated attack almost impossible. No project will be able to claim that it is more decentralized than Humanode.”
Humanode will soon unveil its governance protocol where one human node has only one vote, creating the first democratic DAO which will control the further development of the core protocol and its ecosystem.
About Humanode
Humanode, built on Polkadot SDK as an EVM Compatible Layer-1, is the first cryptobiometric blockchain where one human = one node = one vote. It utilizes private facial recognition which protects against multiple accounts and bots taking advantage of retroactive airdrops, DAOs, DeFi, NFT mints, GameFi, and more. After just a year from mainnet launch, Humanode boasts 500,000+ users and 70+ projects utilizing its cryptobiometric technology.
ContactShannon Higginscore@humanode.io
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Humanode, a blockchain built with Polkadot SDK, becomes the most decentralized by Nakamoto Coefficient

Crypto Daily™

Autres articles publiés le 11 mai 2024

Multidimensional Gas Pricing: A Step Towards Scalable Blockchains

Nigerian Interpol Gets Upskilled to Combat Cybercrimes

FED Silently Starts Money Printing, Bitcoin Price Rally in Sight

PEPE Meme Coin Shows Resilience in a Declining Crypto Market

Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction

Breaking: Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard

Join our free newsletter for daily crypto updates!