How decentralized is Polkadot?

According to the Nakamoto coefficient, Polkadot turns out to be the most decentralized L1 proof-of-stake blockchain, and with the increase to 1,000 validators and the introduction of JAM this number will increase further.

A high Nakamoto Coefficient indicates high decentralization, this translates into a simpler concept i.e. more resilience. A resilient network is one that cannot be shut down or stopped.

Long live Polkadot

0
CappexPost author

My content is my thoughts and not financial advice!

From Bitcoin to Altcoins via Memecoins and NFTs. Welcome to Web3 Stuff!

0 comments

From Bitcoin to Altcoins via Memecoins and NFTs. Welcome to Web3 Stuff!