Search results for Nakamoto Coefficient
Crypto
Cardano decentralisation metric hits record high, raising questions over ADA rebound
Cardano posted a record high in its Nakamoto coefficient, a measure of network decentralisation, as the metric rose to 16, according to U.Today. The figure was compiled by Chainspect and shared by stake pool operator Rick McCracken. ADA also rebounded, reaching $0.199 and posting a 18.17 percent weekly gain. Santiment said the rally stood out in volatile altcoins, though the number of wallets holding balances fell by 7,070 from two months earlier.
Crypto
Cardano ranks fourth on decentralisation metric; transaction fees hit lowest in months
Cardano recorded the fourth-highest level of decentralisation among major blockchains based on the Nakamoto coefficient, which was tallied at 23. Only Polkadot, TON Network and Avalanche scored higher. Average Cardano transaction fees fell to $0.056 as of June 22, below March’s average of about $0.082, and slipped to $0.051 on Saturday, the lowest since March. The report also cites ADA price weakness as a factor in the lower dollar-denominated fees.
Crypto
Solana validator count down 68 percent as node costs squeeze small operators
The number of validators on the Solana blockchain is dropping sharply, Cointelegraph reported on Jan. 29. Validator nodes fell 68 percent to 795 from 2,560 in March 2023, driven by higher operating costs and zero-fee policies by large validators. Some operators are leaving due to weaker profitability. The decline has lowered Solana’s Nakamoto coefficient to 20 from 31, indicating more concentrated staking, the report said.