XDC Network Assessment: Decentralization, Scalability and Security
Fuente:
arXiv
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| Autori principali: | , |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866914900459126784 |
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| author | Chakraborty, Mohuya Khekade, Atul |
| author_facet | Chakraborty, Mohuya Khekade, Atul |
| contents | XinFin, in 2019, unveiled the XDC network, an enterprise-ready hybrid blockchain platform that is open-source and specializes in tokenization for real-world decentralized finance. Overseeing the XDC network is currently the XDC Foundation, a non-profit organization established to encourage the growth, enhancement, and adoption of the XDC Network through community-driven projects such as GitHub. This whitepaper discusses the real-time assessment of the XDC network's decentralization, scalability, and security aspects as well as the Nakamoto coefficient estimation that follows, which is a measure of a decentralized system's decentralization nature that quantifies the minimal number of nodes or entities needed to compromise the system. A high coefficient denotes greater decentralization, while a low number denotes increased disruption risk. The XDC network's real-time computation of the high Nakamoto coefficient demonstrates its highly decentralized character. The article also addresses the diversity of consensus and execution clients, the host distribution, the geo-distribution, and some of the outstanding issues and business considerations. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2408_02318 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | XDC Network Assessment: Decentralization, Scalability and Security Chakraborty, Mohuya Khekade, Atul Cryptography and Security XinFin, in 2019, unveiled the XDC network, an enterprise-ready hybrid blockchain platform that is open-source and specializes in tokenization for real-world decentralized finance. Overseeing the XDC network is currently the XDC Foundation, a non-profit organization established to encourage the growth, enhancement, and adoption of the XDC Network through community-driven projects such as GitHub. This whitepaper discusses the real-time assessment of the XDC network's decentralization, scalability, and security aspects as well as the Nakamoto coefficient estimation that follows, which is a measure of a decentralized system's decentralization nature that quantifies the minimal number of nodes or entities needed to compromise the system. A high coefficient denotes greater decentralization, while a low number denotes increased disruption risk. The XDC network's real-time computation of the high Nakamoto coefficient demonstrates its highly decentralized character. The article also addresses the diversity of consensus and execution clients, the host distribution, the geo-distribution, and some of the outstanding issues and business considerations. |
| title | XDC Network Assessment: Decentralization, Scalability and Security |
| topic | Cryptography and Security |
| url | https://arxiv.org/abs/2408.02318 |