Ivan Legenbearg

Hey there! If you’re a developer, founder, creator, or crypto enthusiast who believes in a decentralized future, stick with me until the end. I want to dive into the issue of true decentralization in modern blockchain systems and ask: can we really build an equitable digital world?
The Problem: The Rich Rule “Decentralization”
In most so-called “decentralized” systems, the biggest rewards from mining or validation go to the wealthy or ultra-wealthy. Let’s look at the facts: becoming a validator in popular networks like Ethereum or Solana is out of reach for the average person. Ethereum 2.0 requires a minimum of 32 ETH (about $100,000 as of now), and the top 17 addresses control over 51% of staked assets. In Bitcoin, more than 50% of the hash rate is held by major mining pools like Foundry USA and AntPool.
Consensus mechanisms only deepen this inequality. PoW rewards those with powerful hardware and cheap energy. PoS favors those with deep pockets. Newer algorithms, like DPoS in EOS or PoA in some private networks, are often even more centralized, handing control to a select few. The entry barrier for these systems is sky-high for regular people, and power in these networks is increasingly concentrated among those already holding resources.
Wasn’t the whole point of blockchain to dismantle the monopoly of traditional finance, where 1% owns everything, and create a system where everyone has a voice? Right now, we’re seeing the opposite: blockchain networks risk becoming a rehash of the old system in a shiny new digital wrapper.
Why This Matters
As long as the market is booming, transactions are processed, and tokens are traded, few people notice this issue. Most users in the crypto space are chasing speculative gains - quick profits. But let’s zoom out: we’re currently testing technologies that could one day replace traditional finance. Wasn’t that the original spark behind Bitcoin? Sure, expecting a full replacement in the next decade is optimistic, but the crypto industry’s relative stability, despite recent turbulence, brings that moment closer. We’re all testers in thousands of experiments, reaping bonuses in the form of tokens or benefits. But if we don’t tackle this inequality, we’ll end up with the same 1% “winners” in a decentralized future, leaving scraps for the rest of us.
The issue goes beyond the blockchain trilemma (decentralization, security, scalability). The ultra-rich, with their resources and foresight, are seizing the most valuable asset - control and votes in networks. The growing popularity of crypto only accelerates this process. If nothing changes, we’re not building a new system but repackaging the old one in blockchain clothing.
The Solution: Isocracy and PoBU
What if we pivot toward isocracy (from Greek isos—equal, kratos—power), a system where every participant has an equal voice? The idea isn’t new, but blockchain offers a chance to make it real. One such approach is the Proof of Biometric Uniqueness (PoBU) consensus mechanism, brought to life by Humanode.
Unlike PoW or PoS, PoBU is built on the principle of “one person = one vote = one node.” This isn’t just a guideline—it’s a cryptographically enforced reality. Humanode uses cryptobiometrics to verify each participant’s uniqueness and liveness. You become a validator not because you own wealth or hardware, but because you’re a unique, living human. Biometric data (like facial scans) is processed decentrally, and cryptographic algorithms ensure one person can’t create multiple nodes (protecting against Sybil attacks). Every validator carries equal weight, neutralizing traditional levers of centralization: wealth, equipment, or institutional influence.
PoBU doesn’t just aim for decentralization—it sustains it, even as the network scales. Humanode runs on the Substrate framework and supports compatibility with the Ethereum Virtual Machine (EVM), enabling developers to build apps, DAOs, or smart contracts that inherit this equal structure. For example, Humanode’s DAO Vortex shows how equal voting can work in community governance.
Is True Decentralization Possible?
Humanode proves that honest decentralization through isocracy, where every vote is equal, is achievable. But its success hinges on the community’s willingness to prioritize equality. Alternative approaches, like Proof of Identity or equal voting in DAOs, are also worth exploring—the more experiments, the better our chances of finding a model that works.
If you’re a developer, founder, or crypto enthusiast who believes in a decentralized world, join those already shaping this future. Check out Humanode’s approach: dive into their docs at humanode.io, reach out to their team with questions, or try building something on their platform. Got objections? The comments are open—share your thoughts! Your ideas—whether a dApp, DAO, or smart contract—could help build an infrastructure that delivers digital sovereignty for all. Let’s work together to create a future where power belongs not to the 1%, but to every one of us.
#humanode #decentralization #Consensus #blockchain

Imagine this: you’re building your dream—a decentralized app, a token, a vision. You pour in everything: time, money, hope. Then, in a flash, the network collapses. Someone rewrites transactions, steals assets, and your project sinks into chaos. How do you shield yourself from this nightmare? The answer lies in a mysterious metric—the Nakamoto Coefficient. It’s not just a number; it’s your compass in the wild world of blockchains, revealing how sturdy your foundation really is.
The Nakamoto Coefficient measures decentralization. It counts how many players—nodes, miners, validators—must band together to seize 51% of a network. A high coefficient means an attack is a Herculean task, with countless guardians standing watch. A low one? That’s a red flag: the network’s fragile, and your creation’s at risk.
Back in 2017, two brilliant minds - Balaji Srinivasan, ex-CTO of Coinbase, and Leland Lee—set out to give decentralization a face, a number. They were tired of vague claims: “This network’s free!” or “It’s got thousands of nodes!” They craved cold, hard truth. Inspired by Satoshi Nakamoto, they crafted the Nakamoto Coefficient. Before this, decentralization was a guessing game: How many miners? Who splits the hash rate? Answers drowned in fog. Srinivasan and Lee changed that, offering a way to count the hands needed to break a chain. It was a revolution, a new lens on a chaotic frontier.
The Nakamoto Coefficient is your armor. A low score signals danger—an attack 51% could rewrite your reality. A high one builds trust—no single puppet master pulls the strings. Most crucially: the more decentralized the network, the safer your ecosystem.
Let’s step into real worlds. Binance Smart Chain races ahead with a coefficient of 5 - 7. Just 21 validators, and 11 could seize it. It’s a castle with one key-fast, cheap, but brittle. Your product there? A sitting duck.
Ethereum, at 20 - 30, stands stronger. Thousands of validators, yet pools like Lido, holding 30% of the stake, weaken its walls. An attack could shake its ecosystem to the core.
Bitcoin, the pioneer, at 50–70. Its miners span the globe, a legion of power. But mining pools like Foundry and AntPool hoard chunks of hash rate. A handful could collude, dimming its decentralized crown.
Humanode - 515, backed by 1547 validators, each a person verified by biometrics. It’s a fortress. To crack it, you’d need 500+ minds in sync. Your creation here is untouchable.
Yet even this mighty tool has flaws. It can’t spot hidden alliances or code exploits. It shifts—solid today, shaky tomorrow. Still, it’s your sharpest guide through the blockchain maze.
The Nakamoto Coefficient is a clash of freedom and fragility. Building something? Stare at the NC. It’s not just picking a network—it’s crafting a future no one can shatter. In a realm where one slip costs billions, it dares you to choose wisely.
#blokchain #Humanode #bitcoin #Ethereum #Nakamoto

When Bitcoin emerged, it promised freedom: a network without rulers, where anyone with a laptop could stand equal. Decentralization became the rallying cry of blockchains—no banks, no middlemen, just code and fairness. But in 2025, that vision is crumbling. We sought a revolution, only to stumble into oligarchy. Or plutocracy? Pseudodecentralization is everywhere, and its grip tightens.
Bitcoin is a glaring case. Its hashrate is shackled by mining pools. AntPool, F2Pool, and Foundry command over 50% of the power. For regular folks, the door’s shut: millions for ASICs, cheap energy, connections - it’s an elite game. Ethereum fares no better. Post-PoS, validators stake thousands of ETH - 32 ETH to start, that’s $100,000+ as of April 2025. Whales like Lido widen the gap. Newbies? Left with scraps.
Industry “mastodons” - top networks and major exchanges - don’t save the day; they strangle it. Listing for young projects means million-dollar fees, red tape, and demands startups can’t meet. These giants erect walls, guarding their profits, not the ecosystem. The entry bar to crypto soars: hardware, fees, regulations - all stacked against newcomers. And let's not forget about market manipulation, both by exchanges and by whales.
Pseudodecentralization spreads deeper. DAOs, once hailed as democracy, drown under whales with millions in tokens. Liquidity pools in DeFi? Concentrated with big players, while small fry scrape by. Even decentralized finance feels more like centralized schemes with a shiny label. At this rate, blockchains might morph into a payment system within the banking sector, which has dominated unchanged for 300 years. Young projects fight to break through with fresh ideas, but their voices fade amid the oligarchs’ roar.
Is there hope? Perhaps the answer lies in the underrated Nakamoto Coefficient - a true measure of decentralization. More on that in the next part.
P. S. I really want to see the whole industry get back on track. But in my opinion, right now there is only a pursuit of immediate profit without looking into the future!
#blockchain #decentralization #TradFi #defi

I recently stumbled into a mind-blowing chat with a pro airdrop hunter, and it flipped my crypto world upside down. I’d always brushed off airdrops—sure, I’d join a few to support projects, but as a serious gig? Nope. Then I learned the truth. These hunters don’t mess around. We’re talking hundreds, even thousands of accounts to snag every drop. He showed me over a thousand wallets he made for the Monad testnet. A thousand! I hadn’t realized the havoc this wreaks on blockchain projects. Their goal? Fast cash. Network growth? Community? They don’t care.
Digging deeper, I found KYC often fails to stop them. Many projects just need an ID photo—easy pickings for hunters using leaked darknet data. Real users, meanwhile, hesitate to share docs with sketchy DeFi apps. The fallout? Smaller rewards for legit folks and token prices crashing post-listing as hunters dump en masse, sparking panic sales.
But there’s hope! Projects are fighting back against these “Sybil attacks” with bioauthentication. Humanode’s tools shine here—simple and slick, needing just your phone camera. No retina scans (sorry, World ID). It’s a user and project win, even layering onto KYC for extra oomph. Check these out:
Biomapper: On-chain face recognition. One person, one wallet. Sybil-proof.
Bot Basher: Shields Discord and Telegram from spam and FUD bots.
These gems save time and cash, giving projects a fighting chance. Hunters won’t quit easily, but this tech levels the field. For us? Fairer drops and stabler tokens. Who doesn’t want that?

I decided to write a short review about a very interesting and potentially profitable project. The concept itself sounds promising. The company website lists its core values, the main one being maximum decentralization.
Humanode mainnet is a blockchain that uses a Proof-of-Uniqueness consensus algorithm, and anyone can become a validator. Instead of relying on mining equipment or staking, Humanode uses private biometric verification of its validators to ensure that there is a unique living person behind each node.
Humanode considers all people equal, so all nodes are equal in the distribution of commissions, validation, and voting. 1 person = 1 node = 1 vote. The Humanode network bases its infrastructure on human biometrics. Combined with blockchain, it creates the first-ever human-based layer of digital verification. Human nodes are created using crypto-biometric authentication, which is a combination of cryptographically secure matching and liveness detection mechanisms to verify the uniqueness and existence of real people. One unique living person can create one node, and each node has one vote in the system. The system doesn't care how much money you have or don't have, where you live, who you are, your race, beliefs, gender, class, social status, nationality, or what you look like. All that the system cares about is whether you are a unique human, whether you are registered in the system or not, and whether you are alive. One vote of yours and one vote of mine have equal power.  
This also means that in order to get 51% of the votes in the system, you will have to hunt down (or track down) 51% of the people who participate in Humanode around the world and essentially make them vote for something at gunpoint for a given period of time, which is unrealistic. If you are an attacker and try to cheat the system, your biometrics are blacklisted and you will be punished depending on the severity of the violation. In the worst case, you will lose all access to the network.
Basically, every person can run a node and receive rewards in the native token.
The native token of the network, HMND, was listed on the Kucoin exchange in 2023 and, according to some forecasts, may reach 1 USDT by the end of 2024.
In addition to the network and the native token, the company provides a useful product, BotBusher, free of charge as part of a partnership and to attract new users. This is a system for combating bots and multi-accounts in Discord and Telegram communities. This system has been adopted by many partners, a list of which can be found on the company's website. As an innovative crypto project, it looks very interesting. There is an opportunity for high-percentage yield farming, which I have been using for half a year, using a Sybil-resistant liquid staking protocol that allows you to receive a high percentage of income with a progressive interest rate. I will not attach any links or invitations to the community, as this is just a review without advertising, but the project is definitely worth paying attention to.