Humanode, a blockchain built with the Polkadot SDK, is the most decentralized by Nakamoto Coefficient – Blockchain News, Opinion, TV and Jobs

adminMay 3, 2024

London, UK, May 1, 2024, Chainwire

Humanode, a Layer-1 blockchain built with the Polkadot SDK, has become the most decentralized blockchain network to date based on Nakamoto coefficient. With 706 active validator nodes, Humannode’s Nakamoto coefficient is 236, surpassing the previous runner-up, Mina, which had a Nakamoto coefficient of 155. Currently, Polkadot is in third place.

The Nakamoto coefficient is a measure of the number of node operators required to control the share of a layer 1 blockchain, enough to shut down the network if a validator modifies it. The larger the number, the more decentralized the blockchain is.

“Proof-of-stake blockchains tend to cluster around the biggest validators or staking protocols, like Lido, that actually have the infrastructure. Once Lido goes down, people will start to question the decentralization of proof-of-stake networks. There may be millions of nodes, but real control over the consensus is in the hands of a few. We always wanted to change this,” says Victor, Humanode co-founder. “With Human Node, a person can only start one node verified with cryptographic biometric technology. All validators exercise the same power. This means that human node chain decentralization increases proportionally to the number of human nodes. Imagine what Nakamoto coefficient will be achieved when we reach 10,000 nodes and 1 million nodes!? This makes coordinated attacks nearly impossible. “No project can claim to be more decentralized than HumanNode.”

Humanode will soon release a governance protocol where one human node has only one vote, creating the first democratic DAO that will control further development of the core protocol and ecosystem.

Introduction to Humanode

Built on the Polkadot SDK with EVM-compatible layer-1, Humanode is the first cryptocurrency biometric blockchain where 1 human = 1 node = 1 vote. It leverages personal facial recognition to protect against multiple accounts and bots leveraging retroactive airdrops, DAO, DeFi, NFT Mint, GameFi, and more. Just one year after its mainnet launch, Humanode boasts over 500,000 users and over 70 projects leveraging cryptocurrency biometric technology.