Humanode, a Layer-1 blockchain developed using Polkadot SDK, has reached the top spot as the most decentralized blockchain network by Nakamoto Coefficient. This was possible due to the presence of 706 active validator nodes, resulting in a Nakamoto Coefficient of 236, surpassing the previous leader, Mina, with a coefficient of 155. Polkadot currently holds the third position in this ranking.
The Nakamoto Coefficient serves as a metric to determine the number of node operators needed to control enough of a layer-1 blockchain's share in order to potentially halt the network if these validators collaborate. A higher number signifies greater decentralization within the blockchain.
The Humanode co-founder, Victor, emphasized the tendency of Proof-of-Stake blockchains to centralize around major validators or staking protocols, leading to potential vulnerabilities. In contrast, Humanode restricts each individual to launching only one node, validated through cryptobiometric technology. This ensures that all validators have equal influence, enhancing decentralization as more human nodes join the network. The vision is to achieve an even higher Nakamoto Coefficient as the number of nodes increases, making coordinated attacks improbable.
Humanode plans to introduce a governance protocol where each human node holds one vote, establishing a democratic DAO responsible for governing the core protocol and ecosystem development.
Humanode, operating as an EVM Compatible Layer-1 on Polkadot SDK, stands out as the first blockchain incorporating cryptobiometric technology, aiming for one human being equaling one node with one vote. Its technology, based on private facial recognition, protects against fraudulent activities across various sectors, including DAOs, DeFi, NFTs, and GameFi. Within a year of its mainnet launch, Humanode has attracted over 500,000 users and facilitated the involvement of 70+ projects utilizing its unique technology.
About Humanode
Humanode, constructed on Polkadot SDK as an EVM Compatible Layer-1, introduces cryptobiometric blockchain technology where each human corresponds to one node with one voting right. The platform leverages private facial recognition to prevent abuses such as multiple accounts or bot manipulation in activities like retroactive airdrops, DAOs, DeFi, NFT mints, and GameFi. With rapid growth, Humanode has gathered 500,000+ users and facilitated engagement with over 70 projects implementing its innovative cryptobiometric system.
Contact
Shannon Higgins
core@humanode.io
