Contemporary SPO Explains Why ‘Cardano Cannot Be Stopped!!’
On Thursday, the widely admired individuals in charge of Cardano users’ $ADA stake pools explained why “it is impossible to stop Cardano” (August 18).
They tweeted yesterday that the Cardano network cannot be stopped because it is so decentralized
Members of the Cardano community wrote a blog post titled “The Challenges of Decentralization for Cardano” on February 17, 2020, in which they stated:
“Ideally, protocol ecosystem participants’ roles should not be overly divided.” In order to include as many different parties as possible in the decision-making process…
As a result, “Cardano anticipates pools from the beginning, and it will use the concept of saturation to limit their size and ensure as many pools as possible.” A new pool should be easier and less expensive to build.
The protocol will automatically compensate everyone who contributed to the consensus. The pool management bears no responsibility…
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Decentralization And Security
Everyone who uses the network is a stakeholder, and everyone has the ability to influence network consensus. The pool’s operator will have the additional responsibility of creating new building blocks.
PoS consensus employs its own coins for power distribution. Those who own a larger number of ADA coins are more likely to be concerned about the protocol’s decentralization and security.
The number of coins in circulation is directly proportional to network strength and consensus on a given project.
“Every ADA coin holder thus becomes a Bitcoin miner.” A “coin delegator” is simply a “coin” in the language of Point-of-Sale systems (staker). Similarly, pool operators have a vested interest in the success of their business and will use coins to build and improve their pool.
The other stakeholders can allocate coins to a pool of their choice. These factors work together to strengthen the pool.
ADA Coins
The more nodes that monitor the network by holding and distributing ADA coins to pools, the more distributed the network will be.
As a result, than in PoW, consensus decision-making power is much more evenly distributed among a large number of people. Coin delegation does not necessitate the purchase of expensive hardware and poses no financial risk to users.
All you need are coins from your wallet that have been designated for the pool. The wallet can be permanently shut down after delegation.
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