Altcoins News

Story: Cardano (ADA) Pooling Without Breaking the Ideal of Decentralization

By Maheen Hernandez

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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.

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The Cardano Community recently thanked Rodri Gonzalez, Argentinian Ambassador, for his outstanding service, moderation, and translation for Cardano.

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It has been pointed to by the Cardano Community that Cardano is far more efficient in adding transactional metadata than older blockchains.

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

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Someone testified from real time experience stating:  I just tried to purchase a token on Uniswap with Ethereum. Gas fees were an outrageous 10%!

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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…

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

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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.

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Reportedly, it is important for new comers to understand that decentralization is the very important goal for Cardano.

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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.

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Pooling without breaking the ideal of decentralization is crucial.  Worthy to take note of a statement:  "Decentralized Stake Pool for Cardano" Really?

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