Cardano (ADA) Distributes Staking Rewards, Advances Level of Decentralization: Details

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Sat, 10/03/2020 - 14:11
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Vladislav Sopov
Exploring the opportunities of its Shelley mechanism, Cardano (ADA) blockchain continues transition of its governance to stakers
Cardano (ADA) Distributes Staking Rewards, Advances Level of Decentralization: Details
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According to a recent announcement tweeted by Input Output Hong Kong software developers, Epoch 221 of Cardano's Shelley era will bring two improvements in terms of staking rewards distribution and community governance.

Stakers are responsible for 38 percent of minted blocks

Input Output HK has confirmed that the latest portion of staker rewards is on its way to validators' wallets. Also, IOHK advised all ADA holders who use exchanges as custody to double-check their security and privacy.

First off, a fresh batch of #ADA rewards will be landing in the wallets of delegators. (If you are still hodling your ADA on an exchange, you should really have a think about that).

The last statement may imply those KuCoin users who fell victim to the recent devastating hack. Seven days ago, on Sept. 26, attackers stole more than $250,000,000 in multiple cryptocurrencies. This fact dropped the Bitcoin (BTC) price and raised another round of debates about decentralization.

Then, IOHK announced another reduction of "D," the decentralization metric. When Shelley launched in late July, this indicator was set to 1. Once this metric reaches 0, the Cardano (ADA) blockchain will be entirely decentralized.

In Epoch 221, IOHK claims, Cardano's (ADA) level of decentralization will allow the staker community to be in charge of 38 percent of all minted blocks. Thus, Cardano (ADA) showcases impressive progress in the first two months of the Shelley era.

Cardano's (ADA) Project Catalyst collaborates with the United Nations

Last week was particularly fruitful for the global Cardano (ADA) community, as its Project Catalyst has partnered with the U.N. program Sustainable Growth Goals.

Before Oct. 10, any open-source developer can take part in a hackathon organized by Cardano's Project Catalyst. The use cases of solutions developed by applicants should be aligned with the focuses of the U.N. program.

Project Catalyst is a unique community-driven initiative tasked with development and promotion of Cardano (ADA) solutions worldwide. Its ongoing round, Fund2, has established a $250,000 fund for the most useful and revolutionary solutions.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)