Ghost Network Surpasses Major Blockchains in Node Count

The Web3 community faces a fundamental question about **closed-source code** and its compatibility with decentralized principles. **Key considerations:** - Open source has been a cornerstone of Web3 development - Transparency enables community verification and trust - Closed-source approaches may compromise decentralization ideals The debate centers on whether **proprietary code** undermines the core values of user sovereignty and open protocols that define true Web3. **Arguments for open source:** - Enables community auditing and security reviews - Promotes innovation through collaborative development - Aligns with decentralization principles **Potential concerns with closed-source:** - Reduces transparency and community oversight - May create centralized control points - Could limit user sovereignty This discussion reflects broader questions about **Web3's evolution** beyond simple "read-write-own" models toward genuine decentralization. The outcome of this debate may shape how the Web3 ecosystem balances innovation, security, and foundational principles moving forward.

GHOST is hosting their Q3 2025 community call on **October 4th at 8AM EST**. Key highlights: - **ghostDAO backing** for TestNet 4.2 - **Vita Money** integration updates - Open to all web3 enthusiasts The call will cover recent developments and future roadmap items for the GHOST ecosystem. [Join the live call](https://ghostchain.io/call)

**GHOST Faucet Major Update** The GHOST blockchain faucet has significantly increased its HoodiETH distribution limits: - **Previous limit**: 0.01 HoodiETH per claim - **New limit**: 1 HoodiETH per claim - **Increase**: 100x more tokens per distribution **Key Features** - No KYC requirements - No geographical restrictions - No minimum ETH balance needed - Direct wallet distribution **Access the Faucet** Users can claim free HoodiETH tokens at [ghostchain.io/faucet](https://ghostchain.io/faucet/ethereum-hoodi/) This represents a substantial increase in testnet token availability for developers and users testing on the GHOST network.

**GHOST TestNet 4.2** has reached a new milestone with **896,969 blocks finalized** and continues growing. The network shows steady progress from previous milestones: - September 25: 796,000 blocks - September 18: 696,969 blocks - Current: 896,969 blocks This represents consistent block production and network stability over the past weeks. **Key Features:** - Private DeFi functionality - Validator node participation - Growing network infrastructure Developers and validators can join the testnet to contribute to the network's development and test private DeFi applications. [Set up validator node](http://validator.ghostchain.io)

**GhostDAO announces major treasury pivot** following centralization concerns with DAI and FRAX protocol challenges. **Key changes:** - Ditching stablecoins entirely from treasury - Moving to native crypto assets instead - Building multi-chain treasury structure - Focus on inflation-resistant holdings The shift represents a **fundamental strategy change** as the DAO seeks to create what they call an "anti-fragile" treasury model. **Background context:** FRAX previously maintained stability during market volatility, with their stablecoin holding its peg and processing millions in liquidations without bad debt. However, recent developments have prompted ghostDAO to reconsider stablecoin exposure entirely. Read full details: [ghostDAO treasury backing](https://blog.ghostchain.io/ghostdao-treasury-backing/)