# R3: Operator Centralization

**Risk:** Dominance by a small number of operators leading to correlated defaults and governance capture\
**Likelihood:** Moderate\
**Impact:** High

**Mitigation Measures:**

* Maximum **10% node share per operator** (enforced via registry)
* Minimum **3 geographic regions per operator**
* Incentives for smaller operators; governance cap at **3% per address**
* Target Nakamoto coefficient ≥ 8 with governance trigger

**Residual Risk:** Low–Moderate\
Strong structural safeguards; residual risk remains in cases of concealed beneficial ownership.


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