Home Altcoins News Cardano (ADA) Pooling Without Breaking the Ideal of Decentralization

Cardano (ADA) Pooling Without Breaking the Ideal of Decentralization

Cardano ADA Pooling

Rodri Gonzalez, Argentinian Ambassador pointed to how Cardano is inspired by Bitcoin’s accounting model (and extends it), and has like Bitcoin a limited supply. On the other hand, in March it will support significantly better contracts than Ethereum. In other words, it integrates the best of the best platforms, and improves them

The Cardano Community recently thanked Rodri Gonzalez, Argentinian Ambassador, for his outstanding service, moderation, and translation for Cardano. Also, pointed to how Rodrigo is stepping back from the Ambassador Program due to other commitments, but stated that he will always be a part of the Cardano family.

It has been pointed to by the Cardano Community that Cardano is far more efficient in adding transactional metadata than older blockchains.  Also, the Cardano’s transaction metadata size is about 16KB while older blockchains also support about 40 to 80 bytes of metadata.

In response users were left wondering, what are the barriers to others like Ethereum to bring such a good performance in terms of storage?

Someone testified from real time experience stating:  I just tried to purchase a token on Uniswap with Ethereum. Gas fees were an outrageous 10%! My transaction failed and the gas fees were deducted anyways. Huge believer in ADA now.

No matter how technologically good a project is, what really matters in the end is price. An alarmed investor who is concerned about price stated, just HODL ADA but have come here for the “why price is dropping” “please pump it” “it was my life savings” “I’m broke.”

For new comers who are just getting to know ADA, here is an interesting remark from a Cardano Ambassador:

If we take the supply of a currency from its circulating units, we will realize that: Cardano = 45.000.000.000.000.000 Bitcoin = 2.100.000.000.000.000 In other words, in terms of units, Cardano has only 1 digit more. The only thing that changes is the place of the comma.

Reportedly, it is important for new comers to understand that decentralization is the very important goal for Cardano.  And this is achieved by all the users following the protocols and parameters.  The success of decentralization is based on how the community sets standards for the pace of the success of the participant stake holders.

It is important for stakeholders to meaningfully engage in the consensus mechanism of the protocol.  To achieve long term goals, it becomes important to pool resources. Resource holders are ADA holders who participate in pooling because to make economic sense in forwarding the project towards completion, pooling is crucial.

Pooling without breaking the ideal of decentralization is crucial.  Worthy to take note of a statement:  “Decentralized Stake Pool for Cardano” Really? If you operate a pool farm (8 pools), at least don’t call that decentralized.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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