Cardano (ADA) developer Input Output Global (IOG) is working with the University of Edinburgh to create a new system that will determine if a blockchain is truly decentralized.
IOG says that most blockchains claim to be decentralized but these assertions are subjective because no standard framework for evaluating decentralization exists.
The technology company says the Edinburgh Decentralization Index (EDI) aims to address this problem.
“The EDI will create a unified framework capable of evaluating degrees of decentralization, and is applicable to data extracted from Bitcoin, Ethereum, Cardano, and other chains.”
IOG says the index will assess a blockchain’s level of decentralization based on multiple layers, including API, consensus mechanism, hardware, software, network, tokenomics, governance and validators’ geographic distribution.
The first step of the initiative involves the launch of a research project that will define and measure decentralization.
“The EDI will be a l
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