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

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 […] The post Humanode, a blockchain built with Polkadot SDK, becomes the most decentralized by Nakamoto Coefficient appeared first on Coin…

How does this news impact me?

As a cryptocurrency enthusiast or investor, this news is significant because it demonstrates the advancement in decentralization within blockchain networks. The increased number of active validator nodes in the Humanode blockchain means that the network is more secure and resistant to centralization, providing a safer environment for transactions and data storage.

How does this news impact the world?

The rise of Humanode as the most decentralized blockchain network by Nakamoto Coefficient signifies a shift towards a more democratized and distributed financial ecosystem. It sets a new standard for blockchain networks in terms of decentralization, which will likely influence other projects to strive for greater decentralization and security.

Conclusion

In conclusion, the emergence of Humanode as the most decentralized blockchain network by Nakamoto Coefficient marks a significant milestone in the evolution of blockchain technology. As individuals and the world at large become more aware of the importance of decentralization in maintaining the integrity of financial systems, we can expect to see continued advancements in this direction within the cryptocurrency space.