Governance & the Active Set (Part 1)
Effects of props 114, 196, and 337 on decentralized power.
Proof of Stake, Decentralization & The Nakamoto Coefficient
Naturall, it is believed that the larger the number the blockchain nodes, the more decentralized the chain is. Balaji came out to educate the masses that it can be quite a complex situation and proposed a method for objectively measuring the decentralization of any chain, and that is the Nakamoto Co-efficient.
The nakamoto co-efficient refers to the minimum number of nodes one needs to take control of in order to control a chain. For osmosis, t is 2/3 or 66% voting power.
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