Charles Hoskinson: Cardano (ADA) is more decentralized than other cryptocurrencies

2 years ago 0

The founder of Cardano Charles Hoskinson believes that the decentralization of the project will serve as an “anxiety signal” for the industry. In a recent renewal for the community, Hoskinson said that ADA “Significantly more decentralized” than all cryptocurrencies in the market.

The Executive Director emphasized that the proposal for the improvement of Cardano (CIP-1694), which is a control mechanism inside the network, which will underlie the Voltaire of the network, will change the rules of the game in the debates of decentralization.
Предложение позволит пользователям Cardano представить управленческий документ, который будет ратифицирован тремя группами – Конституционным комитетом, группой представителей делегаций (DReps) и операторами пула акций (SPO) – тем самым гарантируя, что сообщество имеет последнее слово в функционировании экосистемы Cardano.

CIP-1594 is still under discussion and will probably be released in July this year.
Meanwhile, Hoskinson argued that the gradual approach of Cardano to more and more decentralization could potentially help the project to become part of the regulatory framework in the field of cryptography.
He said that decentralization indicators can become an important part of regulatory standards, adding that regulatory authorities can ultimately treat a crypto project with more decentralization as a protocol or product.

Separately, it should be noted that the Cardano network has undergone a short-term disconnection due to the “temporary anomaly” in January of this year, which was eliminated within a few minutes.
More recently, Input Output Global (IOG), the organization standing for the development of blockchain, launched Valentine updating for its primitives Standars for Efficent Cryptography (SecP) to allow developers to use a wider range of their own projects with several signatures for developing Safe and economical Dapps.

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