Nakamoto Coefficient Calculator

AIM

The aim of this project is to calculate the nakamoto coefficients for various popular blockchains.

Nakamoto coefficient is a way to calculate the level of decentralization in a particular chain.

Read this amazing messari report on operational decentralization of Proof-of-stake networks.

Disclaimer

Please note that the values should be interpreted with context since the same objective treatment is applied for all the chains included here, ie, we simply calculate:

nakamoto-coefficient: no of validators controlling 33% of the total network stake

Note that the threshold may be different for some blockchains, for example, 50%. So, I would suggest users to understand the context, cross-verify and examine the results. For any feedback, please join this discord.

Programming Languages

Golang

Steps to run

1. Build docker image

docker build . --platform=linux/amd64 -t xenowits/nc-calc:v0.1.4

2. Run the image

docker run --rm \
-e "SOLANA_API_KEY=<YOUR_SOLANA_API_KEY_HERE>" \
-e "RATED_API_KEY=<YOUR_RATED_API_KEY_HERE>" \
-p 8080:8080 xenowits/nc-calc:v0.1.4

NOTE: You can get your API Key by signing up here.

Chains currently supported

1. Agoric
2. Aptos
3. Avail
4. Avalanche
5. BNB Smart Chain
6. Cardano
7. Celestia
8. Cosmos
9. Graph Protocol
10. Hedera
11. Juno
12. Mina
13. MultiversX
14. Nano
15. Near
16. Nimiq
17. Osmosis Zone
18. Polygon
19. Polkadot
20. Pulsechain
21. Regen Network
22. Sei
23. Solana
24. Stargaze
25. Sui
26. Terra
27. Thorchain

Notes

The actual logic is present inside /core. A goroutine runs every 6 hours which updates the nakamoto coefficients for all the chains.

Future Work

To add support for multiple other chains in /v1.