Network Bootstrapping refers to the initial process of establishing and securing a new decentralized network or blockchain. This involves attracting initial participants, distributing foundational tokens, and ensuring sufficient decentralization and security from the outset. Effective bootstrapping is crucial for a network to achieve viability and resist early attacks. It sets the stage for future growth.
Context
In the cryptocurrency sector, Network Bootstrapping is a critical phase for any new blockchain project or layer-2 solution. News frequently covers token launches, validator incentives, and community building efforts aimed at achieving robust network participation. The success of a project often depends on its ability to effectively bootstrap its network and attract a diverse set of users and operators.
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