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