London, UK, May 1, 2024, Chainwire
Humanode, a layer 1 blockchain built with the Polkadot SDK, has become the most decentralized blockchain network ever based on the Nakamoto coefficient. With 706 active validator nodes, Humanode has a Nakamoto coefficient of 236, which is significantly higher than previous number 1 Mina’s Nakamoto coefficient of 155. Polkadot currently holds third place.
The Nakamoto coefficient is a measure of the number of node operators required to control the share of a layer 1 blockchain. This is enough for validators to adjust and shut down the network. The higher the number, the more decentralized the blockchain.
“Proof-of-Stake blockchains tend to be centered around the biggest validators or staking protocols like Lido that actually hold the infrastructure. You start to question the decentralization of the Stake network. They may have millions of nodes, but only a few people can actually control the consensus. We change this all the time. ” says Victor, co-founder of Humanode. “On Humanode, each person can only launch one node, which is verified with crypto-biometric technology. All validators exercise equal authority. This is because the decentralization of the Humanode chain This means that it increases linearly with the number of nodes. Imagine what the Nakamoto coefficient will be achieved when you reach 10,000 nodes or 1 million nodes. No project can claim to be more decentralized than Humanode.”
Humanode will soon announce a governance protocol where one human node has only one vote, creating the first democratic DAO to control the further development of the core protocol and its ecosystem.
About Humanode
Humanode is built on the Polkadot SDK as an EVM-compatible layer 1 and is the first crypto-biometric blockchain where 1 human = 1 node = 1 vote. Use private facial recognition to protect against retroactive airdrops, multiple accounts and bots powered by DAOs, DeFi, NFT mints, GameFi, and more. Just one year after mainnet launch, Humanode boasts over 500,000 users and over 70 projects leveraging its crypto-biometric technology.
Contact
Shannon Higgins
core@humanode.io
Source: www.the-blockchain.com
