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.

    Proposal 114

    In proposal 114, Stakely.io proposed to increase the MaxValidators parameter from 100 to 118. This parameter effectively increased the number of validators in the active validator set from 100 to 118. It was proposed on 29th December, 2021 and passed on 1st January, 2022.

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    Proposal 196

    In proposal 196, Hather Node proposed to increase the MaxValidators parameter to 135. This parameter effectively increased the number of validators in the active validator set from 118 to 135. It was proposed on 2022-04-08 04:18:34 and passed on 2022-04-13 18:07:43

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    Proposal 337

    In proposal 337, Hather Node proposed to increase the MaxValidators parameter to 150. This parameter effectively increased the number of validators in the active validator set from 135 to 150. It was proposed on 2022-09-28 15:51:09 and passed on 2022-10-03 15:51:09.

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