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Cardano Ecosystem

Cexplorer

08/24/2023

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Staking on Cardano celebrated 3 birthdays

On July 29, 2020, there was a Shelley hard fork that started staking on Cardano. Staking on Cardano celebrated 3 birthdays.

Staking on Cardano celebrated 3 birthdays

On July 29, 2020, there was a Shelley hard fork that started staking on Cardano. Staking on Cardano celebrated 3 birthdays. Let's see what this means for the project. What the Shelley hard fork brought The Shelley hard fork primarily represented a major shift in the decentralization of the Cardano network.

Although the transfer of consensus to the hands of ADA holders was gradual (controlled by a parameter), relatively quickly nodes operated by independent operators produced 100% of all blocks. Cardano has become completely independent of the nodes operated by the IOG team. 

I dare say it was also a big shift for the blockchain industry. Although several blockchains using Proof-of-Stake (PoS) consensus were running in 2020, for example, Algorand which was launched in June 2019…

Read article: Staking on Cardano celebrated 3 birthdays

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