Nakamoto coefficient explained: Measuring decentralization in blockchain networks

Measuring decentralization in blockchain Decentralization involves spreading control and decision-making across a network instead of a single authority.  Unlike centralized systems, where one entity controls everything, decentralized blockchains distribute data among participants (nodes). Each node holds a copy of the ledger, ensuring transparency and reducing the risk of manipulation or system failure. In blockchain, a decentralized network provides significant advantages:Security: Decentralization reduces vulnerabilities associated with central points of attack source: https://cointelegraph.com/explained/nakamoto-coefficient-explained-measuring-decentralization-in-blockchain-networks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound