Cardano steps closer for 'truly decentralized'

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Hi All,

As we enter Epoch 4, the D value decreases, meaning that stake pool operators can produce 20% of the blocks in this Epoch and the federated nodes of IOHK and Emurgo will create 80% of the blocks. As we enter the new Epoch's the D value will countinue to decreases as Cardano strives for a 'truly decentralized' blockchain. The timetable for full decentralization of Cardano

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Stake pool Operator

I have delegated all my ADA to [DUCK] 馃 The DUCK Pool. This stake pool operator is based in Rotterdam, Netherlands and has been preforming very well. In the last Epoch, the pool produced 2 blocks and that's fantastic for a smaller pool. Cardano encourages decelerators to delegate their ADA to smaller and well preforming pools for more chance to receive maximum staking rewards. I am very eager to receive my rewards in the next Epoch. Duck Pool Performance

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Image is from https://thecurrencyanalytics.com/

Goguen Era

As Cardano gear up towards a fully decentralized blockchain, IOHK developers are not resting on their laurels, as I explained in my previous post Goguen Era. Goguen Era is when they will introduce smart contracts and developers can build their own contracts on the Cardano blockchain. It will also allow the development of decentralized applications (dApps).

The boom of DeFi applications like Maker, Aave, Compound and many more projects that are built on the Ethereum blockchain is causing the transaction fees to rise. As the average transaction fee in the Ethereum network increases, the usage costs of the applications offered to the users over the network increase. And this can cause DeFi projects to look else where for the scalability solution like Cardano. More info Increases Ethereum Transaction Fees

One of partners of the Cardano projects, Emurgo recently sent a tweet, calling for all developers. If your a developer and want to assistance to build dApps on Cardano now you can.

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Love to hear your thoughts on the direction of Cardano? Will future Difi application be built on Cardano for the scalability solution? Will this be the beginning of ADA mooning?

#hodel #cryptocurrency #finance #news #qurator #curie #Cardano #leofinance

Which staking pool are you going to delegate your ADA to?

Thanks for stopping by :)

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Cardano steps closer for 'truly decentralized' | Ecency