Part 8/15:
Chains have been evolving to increase their Nakamoto coefficients. For example, Solana and other layer-one chains have significantly improved decentralization by diversifying validators. The growth trajectory of Nakamoto coefficients over less than two years demonstrates substantial industry effort to decentralize, especially in the wake of critiques during the proof-of-work to proof-of-stake transition.
The analysis suggests that as chains become more decentralized, they naturally garner less regulatory scrutiny. This hints at a potential strategic move by chains to attract community validators and enhance decentralization metrics.
Validator Counts, Age, and Chain Security
Another dimension explored is the relationship between validator counts, chain age, and security. For instance: