A better way to measure Blockchain Decentralization: EDI – Edinburgh Decentralization Index is now officially live!
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The Blockchain Technology Laboratory of the University of Edinburgh has come up with a open sourced framework of how to measure blockchains in a proper way.
There are 8 dimensions of blockchain systems that contribute to decentralization.
Compared to the nakamoto coefficient, that only looks at the minimum amount of nodes that could disrupt a blockchain. EDI aims to define and measure blockchain decentralization in a systematic way by looking at:
Hardware Software Network Consensus Tokenomics API Clients Governance Geography
What requirements are used to measure these different dimensions are documented in the Github repo.
As for now the following chains are supported: Bitcoin, Bitcoin Cash, Tezos, Cardano, Ethereum, Litecoin and Zcash, more to come.
Decentralization Chart: http://blockchainlab.inf.ed.ac.uk/edi-dashboard/
Contribute to EDI/Github Repo: https://github.com/Blockchain-Technology-Lab/consensus-decentralization
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