Cardano (ADA) Making the Extraordinary Machine Someone Says Devil is in the Detail
Someone who was not so positive about Cardano stated, Cardano has excellent devs and community, but the market isn’t really responding great towards it. Also Proof of Stake sometimes could perform bad or have centralized problem under some condition....
Someone who was not so positive about Cardano stated, Cardano has excellent devs and community, but the market isn’t really responding great towards it. Also Proof of Stake sometimes could perform bad or have centralized problem under some condition. Just wonder if the community realized those points.
The community responded clarifying, Did I hear correctly, end of April / early May Alonzo testnet and smart contracts? Q2 if not later. it’s Cardano at his best.
Someone who knew the job of technologists well stated, anyone who’s ever worked in IT development really appreciates all the hard work through proper planning. Others get impatient, sadly, you’re living during the making of an extraordinary machine that will have so many transactions, empowering millions with financial independence.
Another user stated, ADA is currently 98% decentralized and on course reached 100% decentralization on March 31, 2021. This means that the 1,800+ already existing community pools will be responsible for creating all new blocks.
This comment came in response to the Info on: “Fully Decentralized Block Production” from Cardano.
Cardano is fast approaching full decentralization for block production. Soon, all blocks will be produced by Cardano’s network of stake pools….At the boundary of Cardano Epoch #257, stake pools will start producing 100% of blocks with full block decentralization being achieved.
As always there are users who keep dissecting major news. One response read: Good news! Yet only 22.08% are single pool operators. So, if we want to see Cardano success to be sustainable I’d think that number up has to be as close as to 100% as possible, as always the devil is in the details. (Source: http://ADApools.org/groups)
Some also stated, “There’s still a huge amount of pools that are run by exchanges, meaning ADA in them isn’t delegated by their owners, but by the exchanges, this is NOT decentralized.”
Another eagle eyed user pointed to stating: You’re never going to have 100% of any cryptocurrency ran by only it’s users. You cannot stop exchanges from running them. Seeing Binance and Etoro with such small percentages is actually quite good.
For all practical reasons, Cardano has been so good so far. They are evolving and progressing and irrespective of who has negative opinions about ADA, it is very transparent and obvious that they are toiling and working hard. They are moving ahead. Critics keep criticizing and Cardano has a very clear growth path. They know where they are heading to.
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