Cryptocurrency Q&A
What is Nakamoto index?
What is Nakamoto index?
Valeria
Tue Nov 26 2024
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6 answers
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The Nakamoto index, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto, is a metric used to assess the decentralization of a cryptocurrency network. It measures the minimum number of entities required to control more than 51% of the network's mining hash rate, thus potentially enabling them to perform a 51% attack.
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EthereumEmpire
Thu Nov 28 2024
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Sara
Thu Nov 28 2024
It serves as an indicator to measure the decentralization level of a blockchain network.
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GwanghwamunPride
Thu Nov 28 2024
The index is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
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SkylitEnchantment
Thu Nov 28 2024
The higher the Nakamoto index, the more decentralized the network is considered to be.
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EchoSoulQuantum
Thu Nov 28 2024
This index takes into account various factors such as the distribution of hashing power and the number of nodes participating in the network.
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