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How Do We Measure Blockchain Decentralization?

  • A framework for analyzing blockchain decentralization is proposed, but specific metrics for quantitatively measuring it are not provided.
  • Shannon entropy and Gini coefficient are mentioned as possible metrics for measuring decentralization.
  • The relationship between decentralization and fault tolerance in BFT and non-BFT systems is discussed.
  • The paper is authored by Christina Ovezik, Dimitris Karakostas, and Aggelos Kiayias.

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