A better way to measure Blockchain Decentralization: EDI - Edinburgh Decentralization Index is now officially live!

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:

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1. Hardware
2. Software
3. Network
4. Consensus
5. Tokenomics
6. API Clients
7. Governance
8. Geography

https://preview.redd.it/vhgla4e67plc1.png?1996&format=png&auto=webp&s=39b83ba1080c43876dbf82086084c1cc18ede08b

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

In-depth research paper: https://arxiv.org/pdf/2211.01291.pdf