Logo
Cardano Ecosystem

BitcoinEthereumNews

11/06/2022

·

748 views


Cardano Will Raise Bar, Community Predicts Entrant of Tech Giants Into Crypto

The post Cardano Will Raise Bar, Community Predicts Entrant of Tech Giants Into Crypto appeared on BitcoinEthereumNews.com. Tomiwabold Olajide Cardano will be different as community predicts entrant of big tech into crypto Cardano’s community-focused Twitter account, ADA whale, revisits...

Cardano Will Raise Bar, Community Predicts Entrant of Tech Giants Into Crypto

Tomiwabold Olajide

Cardano will be different as community predicts entrant of big tech into crypto

Cardano’s community-focused Twitter account, ADA whale, revisits the prediction of “big techs” or tech giants entering the crypto industry, so much so that the latter becomes “indistinguishable” from it.

ADA whale predicts that while most cryptocurrencies will compete with these tech giants, Cardano will raise the bar by being fully P2P decentralized and self-governed.

They’re going to get their heads stuck so deep up Big Tech’s behind that they will become indistinguishable from it. Again, I’ve been predicting and explaining that this would happen since the moment I started tweeting. Now sit back and watch it all play out

— ADA whale (@cardano_whale) November 5, 2022

They wrote, “Tech giants will enter crypto. AppleCoin will have amazing smart contracts and offer regulated financial products. Most of crypto will be competing with them. By then, Cardano will be fully P2P decentralized and self-governed. Out of anyone’s grasp and a different beast altogether.”

At the heart of the Cardano network are 3,229 stake pools run by operators (SPOs), who oversee the distributed nodes that keep the network operational. This is because the decentralization of Cardano puts the responsibility for running the blockchain in the hands of stake pools.

Likewise, reliable and efficient connections between all the distributed nodes and making sure the network is resilient to failure are key components of this decentralization drive.

With the launch of the peer-to-peer (P2P) testnet in December 2021, Cardano began a significant project to help its continued push toward complete decentralization. P2P communication aims to enhance information transfer between nodes.

After the Vasil hard fork event that occurred on Sept. 22, P2P networking, or decentralization of the networking layer, is the most anticipated upgrade. Once all P2P nodes are operational, the Cardano network will be entirely decentralized, eliminating the need for centralized services that the network currently utilizes.

Recent reports suggest that the P2P development is feature complete and that all necessary testing has been completed. The design and implementation are being reviewed because the rollout of P2P nodes will take place gradually.

Source: https://u.today/cardano-will-raise-bar-community-predicts-entrant-of-tech-giants-into-crypto

Post navigation

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/crypto/c...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)