π₯³ 17 live mainnet operators!
this number was 8 not long ago...
it has more than doubled now, which is a massive win!
NEAR's MPC network is an important part of the near:native engine, powering
@NEARProtocol chain signatures and
@near_intents itself
i love seeing the growth in independent nodes, as it makes the network stronger, more reliable, and more secure. this is fruit of the hard work and passion of many contributors, in particular
@sal_ternullo (
@svrn_ai CEO). big congrats!
however, i'll be picky here, because accuracy is important.
i'm not sure we can call it "decentralized."
NEAR's MPC network (like most, if not all, other MPC networks) is a PoA network. meaning it uses proof-of-authority for its node system, similarly to Hedera and a few other known poa chains.
node operators need to ask permission to join the network and the onboarding process is highly centralized and demanding, afaik. this is intentional for both security and performance concerns. they demand extremely high uptime for the sake of the network, together with outstanding reputation, specialized hardware, and technical knowledge to operate
that said, i understand the design choices and think it already provides massive value as is, as long we understand the trade-offs and trust assumptions that exist in such a system -- already infinite times better than more centralized, legacy systems
i simply don't think we can call a permissioned system running on proof-of-authority a decentralized system, as it weakens the full idea and concept of decentralization that is so important for our space (and for the NEAR L1 itself, which is decentralized and permissionless via proof-of-stake).
fun fact: the 2024 chain signatures launch blog explicitly described the initial set as using a proof of authority security model at launch, with the future state planned as a permissionless network based on staking requirements and slashing. that transition has not happened.
curious if we will see it at some point in the near future