Altcoins News
By Ayobami Abiola
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Tim Harrison, the director of marketing and communications at IOHK, on November 24th via a blog post has given an insight on IOHK's plans regarding Shelley.
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To level the playfield for stake pools and give smaller pools an opportunity, the k factor will be increased to 500 by December 6th.
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“On December 6, we’ll raise the k parameter to 500 – it was set at 150 for the Shelley launch.
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Additionally, Harrison reported that IOHK will be removing its 20 public pools and leaving only one (IOG) public pool in late December.
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To push Cardano towards full decentralization, IOHK will be channeling 15% of its ADA holding towards delegation to certain stake pools.
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“Our delegation strategy will be based on two elements: supporting what we are calling purpose pools, and encouraging network security, technological excellence and decentralized…
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He reported that IOHK will be delegating primarily to “purpose pools”. These are pools that support IOHK's mission for example pools that run “...
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Cardano continues strong on the path to full decentralization as IOHK continues to strategize and execute thoughtfully drawn plans.
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