Cardano has been in the spotlight a lot this year due to various plans and achievements.
The community became really excited went he team behind the project announced the plans for boosting Cardano decentralization.
Check out a recent tweet that the team dropped the other day:
ICYMI: On December 6th, we’ll be changing the k-parameter as part of our ongoing commitment to #Cardano decentralization, opening up further opportunities for stake pool growth.
As an #ADA delegator or SPO, here’s what you need to know @cardano https://t.co/TRGMoRR9ht
— Input Output (@InputOutputHK) November 8, 2020
In the official blog post, Cardano notes various details about the need to make adjustments to the k-parameter in Cardano.
“The system is still transitioning towards full decentralization and community ownership. Very shortly, the majority of blocks will be minted by community pools as the influence of the genesis nodes supporting the network is gradually reduced,” the notes read.
The same blog post also highlights the fact that “The steady reduction of d (the parameter governing this process) will see it reach zero by the end of March 2021. This will mark the full decentralization of all block production on Cardano.”
We recommend that you check out the complete blog post in order to learn all the interesting and exciting details about the team’s plans.
Cardano passes an important milestone towards decentralization
Just the other day, we revealed that Cardano managed to pass an important milestone towards decentralization.
Check out the post that the team at IOHK shared on their Twitter account.
A little under 5 hours from now, we’ll pass another important milestone for #Cardano #decentralization. A truly… epochal one (sorry). At 21:44 UTC today the stake pool community will take over a majority 52% of all block production. Over to you. Let’s keep rolling… 🙏💪 pic.twitter.com/m3jBtE3aoA
— Input Output (@InputOutputHK) November 6, 2020
Stay tuned for more news.
