tldr; The article explores the decentralization trends in crypto ecosystems, highlighting that while many subsystems have decentralized over time, critical areas like Bitcoin’s consensus layer, NFT marketplaces, and developer networks show increasing centralization. A novel framework using Shannon entropy is introduced to measure decentralization across five blockchain subsystems, enabling longitudinal analysis. A live public dashboard provides insights into decentralization trends, aiding researchers and policymakers in fostering resilient digital economies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
Its a long read but a very interesting one that show that Ethereum is doing great.
^(You have a little conclusion at the bottom of the research)
CymandeTV on
Shannon entropy seems lile a complicated thing.
!tip 1
Creative_Ad7831 on
Please explain why NFT marketplaces become more centralized? I am not familiar with this
!tip 1
4 Comments
tldr; The article explores the decentralization trends in crypto ecosystems, highlighting that while many subsystems have decentralized over time, critical areas like Bitcoin’s consensus layer, NFT marketplaces, and developer networks show increasing centralization. A novel framework using Shannon entropy is introduced to measure decentralization across five blockchain subsystems, enabling longitudinal analysis. A live public dashboard provides insights into decentralization trends, aiding researchers and policymakers in fostering resilient digital economies.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Its a long read but a very interesting one that show that Ethereum is doing great.
^(You have a little conclusion at the bottom of the research)
Shannon entropy seems lile a complicated thing.
!tip 1
Please explain why NFT marketplaces become more centralized? I am not familiar with this
!tip 1