Giotto
3.4K posts






One way to measure decentralization and why you should care. A Nakamoto coefficient of 178 means it would take 178 independent validators to collude to disrupt consensus. For comparison, many chains sit in low or single digits. Decentralization isn't something a network can just claim. It's something you can measure and demand proof of.






Rather than actually improving security, they are turning Web3 back to Web2. In the name of "security", quotation marks, your funds can be frozen, the chain can be frozen. We think they're wrong. Security does not mean that you have to give up being a decentralized blockchain. You can still build secure things with a correct-by-construction approach, even against a superintelligence that is a lot smarter than you. Those who compromise decentralization in the name of "security" will get none. It'll be a giant Web2 database that'll still eventually get hacked. github.com/polkadot-fello…






