Flopper1 on Nostr: Signum Network aims to be a decentralized platform. It utilizes the Proof of Capacity ...

Signum Network aims to be a decentralized platform. It utilizes the Proof of Capacity (PoC) consensus algorithm, which allows participants to contribute their storage space to secure the network and validate transactions. This approach promotes decentralization by reducing barriers to entry, as participants do not need expensive mining hardware or excessive computational power.

Decentralization in Signum Network can be influenced by factors such as the distribution of storage space across participants and the level of network participation. The broader the distribution of storage and active participants, the more decentralized the network becomes.

It's important to note that achieving full decentralization is an ongoing process, and the level of decentralization in any blockchain network can evolve over time. However, Signum Network's design and consensus mechanism are intended to foster a decentralized ecosystem for storage and digital asset management.