Popular blockchain platform Cardano has achieved a remarkable milestone which sets it apart from other blockchains. Cardano has demonstrated resilience and reliability with an unprecedented uptime of over 2,130 days, translating to an impressive 5.83 years.
While some networks suffer from occasional to frequent outages, Cardano stands out with its perfect track record of zero downtime since its launch in 2017. This makes Cardano one of the most stable blockchain networks in the market, giving users constant, frictionless access to its services.
One of the key factors contributing to Cardano’s longevity and flawless performance is its design philosophy. Built to last, Cardano’s infrastructure is one of the few well-researched and peer-reviewed, which its founder Charles Hoskinson has always highlighted as one of its major strengths. Some have in the past criticized the approach, and it has meant that Cardano makes slower progress, albeit being steady.
The constant uptime and resilience of Cardano seem to win over people and increase user engagement. As of last Friday, the network recorded over 72,000 daily transactions, indicating a solid interest in Cardano’s capabilities.
With 3,182 active stake pools and nearly 23 billion ADA (Cardano’s native cryptocurrency) staked, community participation in the network remains vital. Stake pools play a critical role in the Cardano ecosystem, contributing to its decentralization and ensuring the security and efficiency of the blockchain. The substantial amount of ADA staked reflects the community’s confidence in the platform and its potential for long-term growth.
Charles Hoskinson made an interesting statement amid ongoing discussions among blockchain entrepreneurs over staking. Hoskinson said he stakes all of his ADA, illustrating his strong belief in the platform’s future.
In contrast, Ethereum’s co-founder, Vitalik Buterin, recently shared his reservations about staking all his ETH holdings due to concerns about security implications. He said: “If you stake your ETH, the keys that access it have to be public on some system that is unwind.”
Reacting to Buterin’s statement, Hoskinson expressed his surprise and disbelief, stating, “I had to listen to this a few times. I’m just at a loss for words,” Hoskinson said.
His dedication to the network’s success underscores the commitment of the Cardano team to deliver a cutting-edge platform that prioritizes security and user experience.
With a growing community and attracting more developers to the platform, Cardano will continue to improve and strengthen its network. As the crypto industry evolves, it will be interesting to see if Cardano can remain at the forefront of innovation and keep its spot in the top ten of crypto while adding more real-world use cases.
Cardano Catalyst Project - Discover and Vote for our proposals in Fund 10 by Sep 14th, 2023 11:00 UTC
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