IOG and University of Edinburgh to build standard metric for crypto decentralisation

Source: Input Output Global

Input Output Global, Inc. (IOG), one of the builders of Cardano, the leading proof of stake blockchain, has partnered with the University of Edinburgh, one of the most highly rated academic institutions in the United Kingdom, to develop the blockchain industrys first decentralization index.

The Edinburgh Decentralization Index (EDI) aims to create more transparency by using a research-based methodology to produce a framework that consistently determines the ‘decentralization’ level of public blockchain projects. Protecting against high levels of centralization aligns with the core principles of blockchain systems and can safeguard against events such as when a centralized control of funds means end users can’t withdraw their investments.

The EDI will be a live tracker underpinned by a continuously calculated and reviewed methodology, with calculations being carried out by a team at the University of Edinburgh. This review process is designed to account for volatility in the crypto market, while evolving to address innovations within the blockchain industry. Through this, people interested in the crypto market can gain a greater understanding of how decentralized projects are and the risk factors associated with them.