03-11-2022, 04:34 AM
Which coin is the most decentralized?
<!-- SC_OFF --><div class="md"><p>There are several ways to measure decentralization (add more if you think of them):</p> <p>a. Decentralized governance: How decisions about future development of the network are being taken.</p> <p>b. Decentralized software development: Who contributes to source code development, and who decides which changes get accepted? This is arguably a subset of governance.</p> <p>c. Decentralized infrastructure: The (number of) parties running the network infrastructure, the diversity of hardware, and the distribution and number of different locations.</p> <p>d. Scattered/equal token distribution: Who owns how many native tokens on the network?</p> <p>For instance, while people often claim Bitcoin is the most decentralized, some reply that it isn't because just a handful of mining organizations (often five or fewer) control more than 50% of the hashing power of the network, which is enough to dictate the ordering of transactions. Just three mining pools control 47% of Bitcoin’s hashing power, and just two mining pools control almost 48% of Ethereum’s hashing power. Worse, a very small number of providers build Bitcoin mining hardware, so companies like Bitmain effectively control the Bitcoin network.</p> <p>How would you say the various coins stack up according to the various metrics?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CardanoCrusader"> /u/CardanoCrusader </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tb57vt/which_coin_is_the_most_decentralized/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tb57vt/which_coin_is_the_most_decentralized/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>There are several ways to measure decentralization (add more if you think of them):</p> <p>a. Decentralized governance: How decisions about future development of the network are being taken.</p> <p>b. Decentralized software development: Who contributes to source code development, and who decides which changes get accepted? This is arguably a subset of governance.</p> <p>c. Decentralized infrastructure: The (number of) parties running the network infrastructure, the diversity of hardware, and the distribution and number of different locations.</p> <p>d. Scattered/equal token distribution: Who owns how many native tokens on the network?</p> <p>For instance, while people often claim Bitcoin is the most decentralized, some reply that it isn't because just a handful of mining organizations (often five or fewer) control more than 50% of the hashing power of the network, which is enough to dictate the ordering of transactions. Just three mining pools control 47% of Bitcoin’s hashing power, and just two mining pools control almost 48% of Ethereum’s hashing power. Worse, a very small number of providers build Bitcoin mining hardware, so companies like Bitmain effectively control the Bitcoin network.</p> <p>How would you say the various coins stack up according to the various metrics?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CardanoCrusader"> /u/CardanoCrusader </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tb57vt/which_coin_is_the_most_decentralized/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tb57vt/which_coin_is_the_most_decentralized/">[comments]</a></span>Kind Regards R