5.1.2. Fully Decentralized

As a PoS-based blockchain, Future Gold promotes a decentralized blockchain. Cryptocurrency enthusiasts know that mining pools reduce the decentralized nature of a blockchain. They place a single business or group of individuals in control of a lot of the network’s computing power (a.k.a. hashrate). This may increase the likelihood of Sybil attacks and 51% attacks in PoW-based systems.

Since Future Gold relies on PoS, the economics of mining pools are not effective. Additionally, since the consensus is done arbitrarily without reliance on the computing power, it does not make sense to pool resources together. As a result, Future Gold is more decentralized than PoW-systems like Bitcoin.

An indicator of the decentralization of a PoS blockchain is the proportion of market capitalization and number of staking nodes. The table below shows the most decentralized blockchains based on this value. It can be clearly seen that the decentralization ranking of coins changes. However, Future Gold is still leading this ranking.