Cardano Switched to Complete Decentralization
Crypto Guide
Live News

Cardano Switched to Complete Decentralization

April 1, 2021      Jafrin Ahmed

IOHK, the developers behind Cardano, has announced that Cardano block production has been successfully decentralized. As such, IOHK will no longer produce any blocks on Cardano, with the responsibility now fully in the hands of the Cardano community of over 2,000 community stake pools.

Cardano Community Now Responsible for 100% of the Blocks Produced

IOHK’s handing over of block production has been carried out over the past seven months. The first decentralized milestone was achieved on Nov. 2 when the majority of public stake pool operators started producing the majority of blocks for the first time. It took the blockchain network almost five more months to finally achieve complete decentralization.

READ  CZ Warns “Betting Against Bitcoin” As Binance Executes First Liquidation

This steady pace of decentralization has allowed the team to ensure the platform was completely optimized throughout the process.

Aparna Jue, product director at IOHK, calls it “a key milestone” for the blockchain’s development:

“This is a key milestone in Cardano’s development, as it is the first component of the handover of control to the community. This is a process which will continue throughout the rest of this year. Peer to peer network decentralization is next in our sights, along with implementing advanced governance features to hand control of the blockchain over to the Cardano community.”

Cardano’s Switch to Decentralization

IOHK defines three pillars to Cardano’s decentralization as block production, networking, and governance. Only when all three of these elements have been achieved can a blockchain network will be completely decentralized with its community members in total charge.

READ  Netflix to become the Next Corporate Giant to Invest in Bitcoin?

With the blockchain network achieving all the three components of decentralization, Stake pool operators of the Cardano community are now responsible for 100% of the blocks produced.

Cardano’s switch to decentralization didn’t happen overnight. During the Byron era, it operated as a federated blockchain, meaning IOG’s and EMURGO’s core nodes were producing all of the blocks.

#ADA #Blocks #Cardano #Decentralized #IOHK
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.