For several months, I've been working with @sunnydece and others at @MessariCrypto to advance the discussion of blockchain decentralization beyond @balajis's original Nakamoto Coefficient paper.
I am so excited to finally share this!
A quick 🧵
(1/12) messari.io/report/evaluat…
One of the key insights of @balajis's original paper that got lost in the echo chambers of Crypto Twitter was the idea of "essential subsystems".
In short, it referred to an area of a blockchain network for which to quantify decentralization.