Instead of trusting one authority, blockchain uses a network of computers — called nodes — that all agree on what’s true. If at least 51% of these nodes agree, a new block is added to the chain.

Instead of trusting one authority, blockchain uses a network of computers — called nodes — that all agree on what’s true. If at least 51% of these nodes agree, a new block is added to the chain.

Indeed, as Coinbase explained, a blockchain is a peer-to-peer network, meaning it isn’t centralized or maintained by a larger organization, like a bank. It’s Not Just for Cryptocurrencies ...

While the Nakamoto coefficient serves as a valuable metric for assessing blockchain decentralization, it possesses certain limitations that warrant careful consideration. For example: Static snapshot ...