Cryptocurrency Q&A
What is the Nakamoto coefficient?
What is the Nakamoto coefficient?
MysticGlider
Sun Jan 05 2025
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5 answers
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The Nakamoto Coefficient is a measure of the decentralization of a blockchain network. It represents the minimum number of entities needed to control the network, indicating how resistant the network is to centralization or control by a few.
5 answers
Lucia
Tue Jan 07 2025
The Nakamoto Coefficient (NC) represents a crucial metric in the realm of blockchain networks.
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Maria
Tue Jan 07 2025
It signifies the minimum quantity of entities, which can be organizations, individuals, mining pools, validators, or other stakeholders, that must collaborate to compromise or dominate the blockchain system.
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KatanaSharpened
Tue Jan 07 2025
This coefficient serves as an indicator of a blockchain's resilience against potential centralization or manipulation attempts.
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alexander_jackson_athlete
Mon Jan 06 2025
A lower Nakamoto Coefficient indicates that fewer entities hold significant power over the network, potentially posing a threat to its decentralization.
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BitcoinBaroness
Mon Jan 06 2025
Conversely, a higher Nakamoto Coefficient suggests a more evenly distributed power structure, enhancing the network's security and stability.
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