The Edinburgh Decentralisation Index (EDI) project takes a deep dive into what decentralisation means in the context of blockchain systems. In earlier blog posts, we introduced the tool developed for the consensus layer and the dashboard that showcases some of our initial results, where more layers are gradually being added. …
We are thrilled to announce the next step in the evolution of the Edinburgh Decentralisation Index (EDI), a project dedicated to providing comprehensive insights into the decentralisation of various blockchains. Our platform is built on transparency and collaboration, and as we continue to develop, we’re inviting contributions from the broader …
The EDI team is officially launching today the alpha version of the index. The EDI is not a number or a graph! It is a framework, set of tools and graphical interface for the blockchain community to collaboratively and transparently measure and compare the decentralisation of different blockchain systems. Ultimately, …
The Edinburgh Decentralisation Index (EDI) project aims to define and measure blockchain decentralisation in a systematic way. As a first step, the EDI team identified 8 dimensions of blockchain systems that can exhibit different degrees of (de)centralisation and are therefore interesting to evaluate. These layers include : 1) Hardware, 2) …
In a previous blog post, we analysed Pool Splitting Behaviour and Equilibrium Properties in Cardano’s Rewards Scheme, demonstrating results from experiments that were carried out using a simulation engine that we developed. This time, we are here to explain in detail how this tool works and go over the design …
The reward sharing scheme used in the current deployment of Cardano has some favourable properties that were analysed theoretically in an academic paper and through simulation experiments in our previous blog post. Specifically, we examined the reward scheme in terms of the level of decentralisation it induces and concluded that …
Since the introduction of blockchain systems more than a decade ago, groups and individuals from both academia and industry have strived to refine the underlying protocols, improving their scalability, stability or decentralisation properties, to name a few. In this blog post, we will focus on the aspect of decentralisation and …
Prof. Aggelos Kiayias gave a webinar at the Crypto and Blockchain Economics Research Forum (CBER) last Thursday, 2nd December, on the topic, “Rethinking Information Technology from a Decentralisation Perspective.” His talk (abstract below) was based upon research compiled in the following paper: Decentralizing Information Technology: The Advent of Resource Based …
The advent of the Bitcoin system in 2009 brought forth the promise of blockchain technology in Information Technology (IT) services. Sir Mark Walport’s report “Distributed ledger technology: beyond block chain” in early 2016 was among the first extensive governmental reports world-wide documenting the disruptive nature of this technology. Nevertheless, the …
The Faculty of Law at the University of Oxford have published in the Oxford Business Law Blog a comprehensive summary of a recent interdisciplinary research paper by Prof. Emilios Avgouleas and Prof. Aggelos Kiayias constituting a new paradigm of decentralised finance in the post COVID-19 era. To read a comprehensive summary of …
