Cardano Decentralization: More Opportunities For Stake Pool Growth
Recently IOHK dropped an important announcement about the efforts towards the Cardano decentralization.
Boosting Cardano decentralization
Check out the recent announcement that the team shared on social media:
NEW BLOG: 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.
— Input Output (@InputOutputHK) November 5, 2020
A follower said: “We did not expect that the K parameter will be increased so quickly, but it will be good for decentralization and smaller SPOs.”
Someone else posted this: “I was sensing a real danger that smaller operators will cash in their chips and change to Ethereum and Cardono will end up with 10 operators with 100 pools each.”
Another commenter wrote: “With K=500 in the upcoming December 6th change what is the expected saturation level that the pool will find itself at? By my calculations, currently sat sits at 16,46% of the 220M, so 36,212M ADA currently correct? (From info from Daedalus) 1/2.”
One other follower praised the efforts: “Happy this is happening with decentralization in mind, not sure yet of its positive effects on smaller pools. Anyhow hope our pool with ticker #SPACE gets some delegations.”
Cardano Foundation looks for ways to help amidst Covid-19 second wave
Earlier today, it’s been revealed that the Cardano Foundation is analyzing potential ways in which they could help amidst the powerful second wave of Covid-19 that has hit the world.
Check out the post that they recently shared on their social media account:
With so many countries going through their second wave of Covid-19, we can’t help but wonder could #technology have helped reduce the impact? What #blockchainsolutions could have been implemented? Tell us what you think! #blockchain #Cardano #blockchaintechnology
— Cardano Foundation (@CardanoStiftung) November 6, 2020
Check out some of the ideas that people in the community came up with.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.