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Cardano Achieves Historic Feat by Reaching Complete Decentralization

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Wed, 03/31/2021 - 21:44
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Alex Dovbnya
Input Output Global’s core nodes have been permanently switched off, making the network completely decentralized
Cardano Achieves Historic Feat by Reaching Complete Decentralization
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History has been made.

At 21:44:51 UTC, Cardano, the fourth-largest blockchain by market cap, became fully decentralized, with block production now being completely controlled by the community.     

The global network of more than 2,000 stake pools is now in the driving seat.

Aparna Jue, product director at IOHK, calls it “a key milestone” for the blockchain’s development:

This is a key milestone in Cardano’s development, as it is the first component of the handover of control to the community. This is a process that will continue throughout the rest of this year.

He adds that Cardano plans to add implement peer-to-peer network decentralization as well as advanced governance features in 2021.

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The gradual decay of centralization    

Cardano’s switch to decentralization didn’t happen overnight. During the Byron era, it operated as a federated blockchain, meaning that IOG’s and EMURGO’s core nodes were producing all of the blocks.        

In July, Cardano rolled out the Shelley hard fork that brought the much-anticipated staking functionality. This also kicked off the decentralization clock.   

As reported by U.Today, the first key decentralization milestone was achieved on Nov. 2 when the majority of public stake pool operators started producing the majority of blocks for the first time.

It took the proof-of-stake blockchain almost five more months to finally achieve complete decentralization, with the d-parameter reaching a much-coveted zero.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.