Gavin Wood: Polkadot’s Satoshi coefficient reaches 149, and its degree of decentralization far exceeds Ethereum and Solana

Odaily Planet Daily News: Ethereum co-founder and Polkadot founder Gavin Wood said in an interview with Forbes recently that blockchains that ignore decentralization and resilience should not be considered Web3. Measuring the resilience of a blockchain usually comes down to assessing its degree of decentralization, and Wood identified several questions to assess this metric: Who makes protocol decisions? Does governance have a clear or low entry barrier? And the Nakamoto coefficient, which measures how many parties are needed to destroy the network. Finally, Wood drew attention to more "diffuse concepts," such as whether a single entity can define a narrative and "fundamentally transcend the ecosystem and stifle other narratives." He is satisfied with Polkadot's decentralization. According to Nakaflow data, Polkadot's current Nakamoto coefficient is 149, which means that at least 149 independent validators are required to unite to destroy the network. In comparison, some other major blockchains have much lower scores, such as Solana's score of 19 and Ethereum's score of only 2. However, for Polkadot, the high barrier to entry is still a problem. In addition, Wood also proposed the following five basic criteria for judging the potential of blockchain: 1. Resilience: The cornerstone of Web3, resilience combines cryptography, decentralization and game theory to protect blockchain from attacks and ensure its long-term stability; 2. Performance: Not only scalability, performance also measures the efficiency of a network in processing and completing tasks; 3. Generality: The ability of blockchain to support multiple applications and programmability; 4. Accessibility: The ease with which users, developers, applications and robots interact with the network; 5. Coherence: The ability of a system to maintain fast and consistent communication in its network.