{"id":512562,"date":"2022-11-19T19:00:00","date_gmt":"2022-11-19T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/decentralization-index-from-cardano-builder-u-of-edinburgh-will-help-users-understand-assets\/"},"modified":"2022-11-19T19:00:00","modified_gmt":"2022-11-19T16:00:00","slug":"decentralization-index-from-cardano-builder-u-of-edinburgh-will-help-users-understand-assets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/decentralization-index-from-cardano-builder-u-of-edinburgh-will-help-users-understand-assets\/","title":{"rendered":"# Decentralization index from Cardano builder, U of Edinburgh will help users understand assets"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3229ac66165\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3229ac66165\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/decentralization-index-from-cardano-builder-u-of-edinburgh-will-help-users-understand-assets\/#%E2%80%9D_Decentralization_index_from_Cardano_builder_U_of_Edinburgh_will_help_users_understand_assets_%E2%80%9C\" >&#8221; Decentralization index from Cardano builder, U of Edinburgh will help users understand assets  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Decentralization_index_from_Cardano_builder_U_of_Edinburgh_will_help_users_understand_assets_%E2%80%9C\"><\/span>&#8221; Decentralization index from Cardano builder, U of Edinburgh will help users understand assets  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZTNiYjk5ZWMtZGU4Mi00OTE4LWJkOGYtMzAxZDY3ZTVhM2U4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/iohk.io\/en\/blog\/posts\/2022\/11\/18\/cardano-builder-iog-and-university-of-edinburgh-to-create-first-ever-index-to-provide-industry-standard-metric-for-crypto-decentralization\/\">announced<\/a> on its blog. The new service is the first of its kind and will use a \u201cresearch-based\u201d methodology developed at the university.\u00a0<\/p>\n<p>The Edinburgh Decentralization Index (EDI) has been in development for several months and was introduced in Edinburgh on Nov. 18, but it is not yet operational, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/iohk.io\/en\/blog\/posts\/2022\/11\/18\/cardano-builder-iog-and-university-of-edinburgh-to-create-first-ever-index-to-provide-industry-standard-metric-for-crypto-decentralization\/\">according<\/a> to IOG:<\/p>\n<blockquote><p>\u201cThe first step for the tracker is the creation of research papers detailing decentralization metrics and a considered methodology for compiling them into an index, created by researchers at the University of Edinburgh. It will then operate in the same way as other industry indexes.\u201d<\/p><\/blockquote>\n<p>When launched, the EDI will provide live tracking of assets \u201cunderpinned by a continuously calculated and reviewed methodology.\u201d<\/p>\n<p><strong><em>Related: Blockchain firms fund university research hubs to advance growth<\/em><\/strong><\/p>\n<p>There are currently no standards for the decentralization of digital assets. \u201cWhat we\u2019re currently missing is universally accepted industry standards which define to what extent projects are decentralized. The EDI will allow us to ensure that users have full transparency around what they are participating in,\u201d IOG CEO Charles Hoskinson said in the blog post. Hoskinson was alluding to the fact that users currently have no way to judge to what extent digital assets are decentralized.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Presentation of the Edinburgh Decentralization Index by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sol3gga?ref_src=twsrc%5Etfw\">@sol3gga<\/a> et al.<\/p>\n<p>It measures decentralization of blockchain networks beyond counting the number of validators and their power (weight) over the system (consensus protocol).<\/p>\n<p>This is a major leap forward for our industry  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SJBe5OGpF3\">pic.twitter.com\/SJBe5OGpF3<\/a><\/p>\n<p>\u2014 Romain Pellerin (@rom1_pellerin) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rom1_pellerin\/status\/1593557352627802113?ref_src=twsrc%5Etfw\">November 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Although decentralization by itself is no guarantee of quality, the dismal performance of centralized crypto asset platforms in recent months has kindled new concern about it. \u201cThe establishment wants controlled crypto,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/balajis\/status\/1592503589561602048\">tweeted<\/a> Balaji Srivasan, former executive at Coinbase and Andreesen Horowitz. \u201cHad FTX won, they\u2019d control through centralization. With FTX lost, they want control through regulation. At no point was the goal consumer protection.\u201d <\/p>\n<p>Kadena CEO Stuart Popejoy had a similar but more moderate outlook. \u201cCeFi is a \u2018necessary evil\u2019 today, and maybe it will always have its role in crypto,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SirLensALot\/status\/1593275606732521472\">tweeted<\/a>. \u201cThe answer is to return to the roots of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hashtag_click\">#blockchain<\/a>: decentralization &amp; transparency. And while DeFi might look like the obvious solution, it still can&#8217;t replace CeFi, for reasons obvious and not-so-obvious. The core problem is scalability.\u201d<\/p>\n<p>In addition, decentralization is central to the determination of whether  a crypto asset is a security, at least in the United States, where the question is central to the future development of regulation.  <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/decentralization-index-from-cardano-builder-u-of-edinburgh-will-help-users-understand-assets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Decentralization index from Cardano builder, U of Edinburgh will help users understand assets &#8220; The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG\u00a0announced on its blog. The new service is the first of its kind and will use&#8230;<\/p>\n","protected":false},"author":1,"featured_media":512563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZTNiYjk5ZWMtZGU4Mi00OTE4LWJkOGYtMzAxZDY3ZTVhM2U4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76982,74983,74868,79786],"class_list":["post-512562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-charles-hoskinson","tag-decentralization","tag-defi","tag-digital-asset"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=512562"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/512563"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=512562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=512562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=512562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}