The Influence Of Inclusivity on Decentralization
The decentralization of block production depends on a feature that is not often talked about, inclusiveness.
The decentralization of block production depends on a feature that is not often talked about, inclusiveness.
Inclusiveness refers to the ability of a wide range of participants to contribute to the process of validating transactions and creating new blocks in a blockchain network. In the article, we will compare PoS and PoW networks.
Why is inclusivity important? Decentralization is a basic requirement for any blockchain network. Let's define it for the context of this article. Decentralization is the process of allowing essential network functions (such as block production) to be distributed among a wide range of participants.
This process should prevent the occurrence of a single point of failure. Decision-making power must not be concentrated in the hands of a few entities.
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