Notably, Humanode has claimed the title of the most decentralized blockchain, thanks to its unique structure built on the Polkadot SDK and its impressive Nakamoto Coefficient.
London, United Kingdom, May 1st, 2024, Chainwire
Humanode, classified as a Layer-1 blockchain developed with the Polkadot SDK, now holds the title of the most decentralized blockchain network to date, based on the Nakamoto Coefficient. Currently, it operates with 706 active validator nodes, boasting a Nakamoto Coefficient of 236—surpassing Mina's previous record of 155. Polkadot rounds out the top three in this ranking.
The Nakamoto Coefficient serves as a metric indicating the number of node operators needed to wield enough influence to potentially disable a layer-1 blockchain, demonstrating how decentralized it truly is; a higher coefficient points to greater decentralization.
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Victor, a co-founder of Humanode, shares insights on the current state of Proof-of-Stake blockchains, mentioning, \"Typically, these blockchains gravitate toward concentration around larger validators or staking protocols such as Lido, which manage critical infrastructure. A single failure at Lido could spark doubts about the decentralization of Proof-of-Stake systems. While these systems may claim to have millions of nodes, control usually remains with just a handful of entities. Our vision has always been to tackle this issue. In Humanode, we have implemented a system where one individual can only operate a single node verified through cryptobiometric technology, ensuring equitable power distribution. This means our decentralization strengthens as more human nodes join the network. Just imagine the Nakamoto Coefficient when we reach 10,000 or even a million nodes! Coordinated attacks would become virtually impossible, positioning Humanode as the benchmark for decentralization among blockchain projects.\"
Humanode is set to launch its governance protocol, where each human node is assigned solely one vote, marking the establishment of the first truly democratic DAO that will oversee the evolution of the core protocol and its associated ecosystem.
About Humanode
Leveraging the Polkadot SDK as an EVM-compatible Layer-1, Humanode stands out as the pioneering cryptobiometric blockchain, where the principle of one human equals one node, which in turn equates to one vote prevails. Utilizing secure facial recognition technology safeguards the network from fraudulent multiple accounts and bot activities manipulating benefits from retroactive airdrops, DAOs, DeFi, NFTs, GameFi, and beyond. Just a year after its mainnet launch, Humanode proudly hosts over 500,000 users and more than 70 projects that are taking advantage of its cryptobiometric innovations.
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