Tendermint & Decentralization
Hi 2 all I like to start a discussion, put the spotlight on something I believe is very important. Introduction The basic design of the excellent sdk tendermint leaves one important implementation topic over to the projects themselves. Now a couple of years down the road it shows that all projects where so busy building their dream and never seen before technology that all of them are struggling with the force of mass movement. I’m talking about decentralization, indeed the lack of it. Explanation As a node operator of several tendermint based projects it became clear that the balance of delegator / validator ratio is off in all of them. Thinking about it and while reaching out to the teams, some root causes came to light. 1, force of the masses 2, companies running nodes (later more) 3, the lack of incentives to decentralize 4, the lack of measures to decentralize 5, conclusion • Force if the masses The masses tend to look for peace of mind and max profit. Peace of mind brings them to biggest and recognizing names on the list. Max profit looks for the one with the lowest commission. So any validator with a million+ and 1% or even 0%! Commission is…
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Please Discuss this topic. I know Devs are probably focused on performance, ecosystem buildup and interoperability but decentralization needs to be addressed.
100 Validators are far too centralized.
The OT points are valid, no need to blame anyone, ther needs to be an incentive structure in place to discourage centralization and grow the number of nodes/ reduce requirements to distribute the validation!
Please consider working in this direction!