Cosmos has a high degree of centralization or network risk

According to LonghashreportsAt present, the voting mortgage rate of multiple nodes in Cosmos blockchain network is more than 7.5%, and there is a high risk of centralization. The PoS industry celebrity "blockchain Mr Zhang" said that the high degree of centralization will not affect network security for the time being, and Cosmos Slash mechanism can prevent the risks brought by network centralization to some extent.

The data provided by Longhash gives a sense of the power of the verification nodes. According to the data, the node that holds the most ATOM is Polychain Labs, which holds 10,848,213 ATOM, accounting for about 9.4% of all verification nodes' ATOM holdings. The highest percentage of commissions is ATOM Sandler, at 25%, and some nodes are set to 0%, presumably to attract more ordinary users to support themselves. Combining the two dimensions of voting power and commission rate, stake. Fish | bitfish should be the most favorable node for ordinary users. Its voting power is up to 8.9%, but the commission is only 4%.

On the other hand, longhash found that the total voting power of these one-third of nodes was as high as 92%, which means that these nodes will play the role of validating nodes for a long time, participate in network governance, and play an important role in the process of block and vote governance. Therefore, longhash believes that cosmos has a high degree of network governance centralization, and there is no feasible way to change this situation in a short time.

The increase rate of Cosmos blockchain is determined according to the current Atom mortgage rate of the whole network. How low the mortgage rate is will increase the inflation rate, while too high the mortgage rate will reduce the inflation rate. This system can control the mortgage rate within a reasonable range, so too centralization will not affect users' income.

"Blockchain Mr Zhang" says that the Slash mechanism can impose a cost on the node doing the wrong thing, but if the benefit to the node is greater than the cost of the node being punished, the node is still at risk of doing the wrong thing.

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