Pablo Larguia

Jan 15, 2025 | coindesk.com | Pablo Larguia |Alexandra Levis

Decentralization is the foundation of blockchain technology, promising a more resilient and censorship-resistant alternative to centralized systems. But are the industry’s leading protocols as decentralized as they claim to be? Decentralization can be measured across multiple dimensions. At first glance, the number of entities participating in the validation or block-mining process of a network is one of the simplest and most apparent metrics.