Cardano Brings on 500 Stake Pools Day After Shelley Launch

2020-7-31 05:05

Cardano’s Shelley upgrade has seen fast growth, with hundreds of stake pools joining the network within 24 hours of its July 29 launch. Users can delegate their ADA cryptocurrency holdings to these various independent pool operators and earn staking rewards.

Staking Surges After Launch

At its post-launch peak, Cardano had 481 stake pools in operation, according to a press release. However, that number is constantly changing, and it currently has 416 active stake pools at the time of writing, according to AdaPools.org.

Diagram of the stake pool network. Source: PoolTool.io

Cardano’s testnet statistics may predict future participation on the blockchain. As of June 22, the testnet had 1061 registered pools, 986 active pools, and 12.9 billion ADA ($2.4 billion) at stake.

It seems likely that those 500 other pools will migrate from Cardano’s old testnet to the current mainnet in the near future. Furthermore, the fact that the mainnet is more widely available could encourage more users and pools to participate in staking. This period’s rewards have not yet been paid out; however, current estimates suggest that users could earn as much as 5.1% per year. Numbers from Cardano estimate average returns around 4.6%.

Decentralization Is the Goal for Cardano

Charles Hoskinson, CEO of IOHK, writes that “decentralization is at the core of everything IOHK does.” In this case, Cardano aims to achieve maximum decentralization by encouraging the community to distribute its wealth across a large number of stake pools.

In this regard, Cardano’s closest competitor might be Tezos, which has about 425 active “bakers” with whom coinholders can stake their crypto with minimal effort and maintenance.

Meanwhile, IOHK argues that mining-based blockchains do not have this sort of decentralization. On Bitcoin and Litecoin, for example, miners are concentrated within a few small mining pools.

Pool hashrate distribution, April 2020. Source: BTC.com

It’s not clear whether stake- and delegation-based blockchains are superior to mining-based blockchains. Regardless, Cardano hopes that its decentralization features will attract dozens of app and token developers to the platform within the next year.

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cardano shelley launch pools stake july hours

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cardano shelley → Результатов: 126


Активация форка Shelley не привела альткоин Cardano к обновлению максимумов

29 июля, как и планировалось изначально, обновление Shelley было интегрировано в работу сети Cardano. Таким образом, завершилась децентрализация проекта, о чем ранее неоднократно заявлял лидер команды разработчиков альткоина Чарльз Хоскинсон.

2020-7-31 13:20


Активация форка Shelley не привела альткоин Cardano к обновлению максимумов

29 июля, как и планировалось изначально, обновление Shelley было интегрировано в работу сети Cardano. Таким образом, завершилась децентрализация проекта, о чем ранее неоднократно заявлял лидер команды разработчиков альткоина Чарльз Хоскинсон.

2020-7-30 12:06


Shelley Cardano — гигантский скачок для криптовалют

С того момента, как создатель Cardano Чарльз Хоскинсон объявил о дорожной карте долгожданного обновления Шелли (Shelley), цена ADA приковывала к себе внимание криптосообщества. Ожидается, что обновление будет запущено менее чем через две недели и переведёт экосистему Cardano из централизованной сети в полностью децентрализованную.

2020-6-29 16:42


Фото:

Cardano’s Charles Hoskinson Reveals “Shelley” Roadmap, Speaks on “Systematic” Approach

Cardano’s much-awaited Shelley protocol is going live soon. The protocol has spent years in development, and has been ardently awaited by fans of Cardano and ADA, its native currency.   Steady and Systematic On May 28, Charles Hoskinson, the co-founder of Cardano, revealed the roadmap for Shelley, including code launch date, hard fork, and when theRead MoreRead More.

2020-5-29 13:33


Фото:

Курс криптовалюты Cardano растет на фоне новостей об обновлении

Соучредитель блокчейн-стартапа Cardano Чарльз Хоскинсон рассказал, когда проект перейдет на новую версию сети – Shelley. Информация об этом появилась в микроблоге специалиста. Читайте Bloomchain через любимые соцсети: Telegram, VK, FB  When Shelley? Here you go pic.

2020-5-31 12:11


Фото:

Cardano (ADA) Launches Shelley Network Testnet 

Cardano (ADA), the 12th largest distributed ledger technology (DLT) project in the world, has achieved another significant milestone in its journey towards full decentralization. The Cardano team has successfully launched the networked Shelley testnet, which it says is the first decentralized implementation of the Ouroboros Genesis consensus algorithm, according to a blog post on SeptemberRead MoreRead More.

2019-9-28 09:00


Фото:

Cardano вовсю тестирует обновление Shelley

Первый этап тестирования обновления Shelley для Cardano завершился успешно. Об этом заявил лидер команды разработчиков криптовалюты и главы стартапа IOHK Чарльз Хоскинсон.

2019-9-1 14:00


Are Cardano (ADA) updates to vague or are the holders just to impatient?

Cardano developer and CEO if IOHK Charles Hoskinson has been quite busy since the turn of the year. As the project moves towards implementing the Shelley update, one that is expected to bring several long-awaited features (like decentralization and staking), Hoskinson decided to hold another impromptu YouTube AMA and answer some popular community questions.

2019-1-17 00:16


Are Cardano (ADA) updates too vague or are the holders just to impatient?

Cardano developer and CEO if IOHK Charles Hoskinson has been quite busy since the turn of the year. As the project moves towards implementing the Shelley update, one that is expected to bring several long-awaited features (like decentralization and staking), Hoskinson decided to hold another impromptu YouTube AMA and answer some popular community questions.

2019-1-17 00:16


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