A new research paper by London-based think tank Exponential Science reveals significant inequality in how decision-making power is distributed across popular blockchain platforms like Bitcoin, Ethereum, Cardano, Hedera and Algorand.
The study “Consensus Power Inequality: A Comparative Study of Blockchain Networks” analysed data from 2022 to 2024 using economic tools like the Gini coefficient and Theil index to measure how evenly consensus power is shared. Consensus power refers to the influence participants have in validating transactions and shaping the network.
Key findings:
Hedera showed the most equal distribution of consensus power, followed by Bitcoin. Ethereum and Cardano showed moderate...