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

(PRESS RELEASE – London, United Kingdom, May 1, 2024)

Humanode, a Layer 1 blockchain built with the Polkadot SDK, has become the most decentralized blockchain network to date based on the Nakamoto coefficient. With 706 active validation nodes, the Nakamoto coefficient for Humanode is 236, surpassing the previous number one, Mina, which has a Nakamoto coefficient of 155. Polkadot is now in third place.

The Nakamoto coefficient is a measure that represents how many node operators will be needed to control the portion of a layer 1 blockchain, which is enough to shut down the network if validators coordinate to do so. The higher the number, the more decentralized the blockchain is.

“Proof-of-stake blockchains tend to be centralized around the largest validators or staking protocols, like Lido, that actually own 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 real control over the consensus is in the hands of a few. We always wanted to change this,” says Víctor, co-founder of Humanode. “In Humanode, a person can only launch one node, which is verified with cryptobiometric technology. All validators exercise equal power, meaning that the decentralization of the Humanode chain increases proportionally to the number of human nodes. Imagine what kind of Nakamoto coefficient will be achieved when we reach 10,000 nodes or 1 million nodes! This makes a coordinated attack almost impossible. No project can claim to be more decentralized than Humanode.”

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

About Humanodo

Humanode, built on the Polkadot SDK as Layer 1 compatible with EVM, is the first cryptobiometric blockchain where one human = one node = one vote. It uses private facial recognition that protects against multiple accounts and bots leveraging rollback airdrops, DAO, DeFi, nft mints, GameFi, and more. After just one year since mainnet launch, Humanode has over 500,000 users and over 70 projects using its cryptobiometric technology.

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