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To 100 Principle Representatives - #8
A NanoCharts driven update for those who want to take control of their Nano and select a rep for their voting weight. For new community members, its worth pointing towards this video to learn about the ORV consensus system that Nano uses: https://youtu.be/LZ8TZFfYDcY Ideally you are taking your coins off Binance (as number 1 rep in terms of weight and you can’t pick a rep there) or removing weight from another larger rep/or a rep controlled by a large entity. Most wallets let you pick a representative, and are even starting to provide additional functionality; surprisingly the NWC mobile apps don’t allow for representative selection right now. Finding a rep can be easy using two main sources:
Nanocharts is a useful view from top reps in terms of weight and below; if you scroll down around the 133K Nano mark you’ll potentially find some reps who only need a but more weight to become a RR. NanoCharts also can help you find a rep, using its ‘need a representative’ function near the top of the page. My Nano Ninja itself is linked from NanoCharts and gives users a great source for further digging into a reps details. Its pioneered the scoring system to help users choose reps, and has even forked the ever popular NanoVault with NinjaVault (which integrates some key functions such as the scoring system). https://arewedecentralizedyet.com also gives us a wider perspective on decentralisation against other cryptos. I think the number of nodes we have without a monetary incentive is a good stat... and the it draws on the key Nakamoto coefficient from https://repnode.org/representatives/nakamoto (how many entities could collude to form a majority on the network - this number is ideally getting bigger). Unfortunately, they don't always pull the latest stats into their main screen. Further help on Nano decentralisation could be found in the #decentralise channel on Nano Discord. https://discordapp.com/invite/JphbBas As a general rule, personally I would consider the following when picking a rep:
Active in Community
Associated with a service you admire
Been around for a long time
Provider is fairly underused - we don’t want everyone on Digital Ocean
Geographic area is under represented - different jurisdictions around the world to spread risk
Confident (as possible) that the rep is not malicious
We currently have 88 Principal Representatives (RR) that help secure the network (that have over around 133K Nano voting weight) and not all of those are online right now. It would be a good milestone to have 100 RRs, and even better to have 100 RRs that are online. Since my last update (roughly) or worth mentioning:
5 less PRs than last time. I suspect the Bitcoin run has forced many to swap Nano for Bitcoin to join the fun. We've seen similar impact on PRs in the past.
https://mynano.ninja/map provided a nice overview of Nano's spread. Hopefully we'll see PRs in South America soon, then some growth in Africa/Asia.
https://mynano.ninja/account/vano A new wallet on the scene that is building up its Ninja score but could be a worth selection. Another 80K needed for this to reach PR status, a 30K improvement over last month.
Anybody from Africa considered running a node? Be good to get on the continent. Or maybe an official node could be spun up/moved there? Did u/Soluchain set up a rep in South Africa?
What if the dev fund voted for a a non official rep with good hardware and knowledge of Nano e.g. repnode, nanocrawler? Would this help increase our Nakamoto coefficient? Long term, I imagine the aim is to have no “Official” reps (which sounds centralised as a title).
With version 19 in beta, and with recent resurgence of the markets, now could be a good time go tell people about Nano and ORV! Comments in general crypto currency groups sometimes sight us not talking about decentralisation even though we are in a good position to make our ecosystem quite decentralised.
Those below Principal Representative (PR) level to make themselves more known in the community so that we can get to 100...
V19 will give us a better opportunity to measure the voting latency for PRs as a proxy for the quality of the underlying nodes (websockets will hopefully help). This could be an important factor in future Ninja scores so that users pick powerful nodes to support the network.
Another codebase that supports hardware wallets (which would be impressive for the ecosystem) or more awareness of the NanoVault derived variants so NanoVault isn’t the only place for Ledger support.
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