9

TL;DR: Centralization in the network is definitely a concern, but I don't think these numbers are scary. Of course, the goal with staking pools is that they'll decentralize the network and encourage many stake pool adopters. Actually, Cardano has a formula used to determine block rewards and you'll notice that it reduces rewarding blocks to stake pool ...


8

This all depends on how you view it. For instance, consider Bitcoin. Bitcoin has 100% decentralized block production, since no central authority owns Bitcoin and can regulate its block production. One might argue that the large mining companies that control a majority of block production makes this decentralization somewhat dubious. To be fair, the same ...


7

Cardano is classified as a third-generation Cryptocurrency due to the following reasons. Smart Network It is almost impossible to have smart transactions in Bitcoin Network. In Cardano, the transactions will be programmable. Energy Consumption Cardano uses the Proof of stake concept for evolving consensus with respect to the selection of valid transactions....


7

Cardano has three different pillars of decentralization: The first pillar: block production. Once d hit 0, this pillar was fully decentralized. The second pillar: networking. It means how nodes find each other and pass on this information. Currently, this is a topology file and it will be replaced by P2P discovery. The third pillar: governance. The way to ...


6

I think you may want to consider reversing the order here. The intent behind babel fees from my understanding is to leverage future conversion guarantees, DEXes, and other avenues for guaranteeing liquidity/conversion to ADA rather than to provide it's own mechanism. We know these mechanisms will exist on chain from third parties so there is little reason ...


4

I assume with "blockchain/node size" you mean the growing size of the immutable ledger database. The current growth rate is pretty linear. In the last 100 days it grew from 7 up to 10.5 GB So we see a growth rate of about 1 GB per month, which would result in a 12 GB per year. Keep in mind the ledger DB folder now contains every UTXO action since ...


3

It won't once all parts of the Cardano road map are complete. Voltaire isn't complete yet, but once it is. The Board of Directors at Cardano foundation do not have the power to control or change the network. This process is being done in multiple steps, like staking and SPOs are now 100% community-produced blocks. Check out project Catalysts as it is the ...


3

Do you need to run the full Daedalus wallet? On low-storage system I'd suggest looking at Yoroi which is a 'light wallet' that doesn't require its own local node.


3

This is a very broad question. In general any centralized exchange (Binance, Coinbase, ...) has strict screening and a process through which the issuers would be required to showcase the viability of the token and their business model. Not an easy task to get your coin listed for sure. Listing a token on a DEX (decentralized exchange) on the other hand is ...


2

The parameters are controlled by IOG currently. There are a number of keys that govern update proposals. Update proposals are special certificates posted to the chain that can change the parameters. Each update proposal is required to have 5 signatures in order to become active. These signatures have to be in place 1.5 days before the end of the epoch in ...


2

If you compare the proof of stake concept to that of proof of work, you still end up with the "more money you have the more blocks you get." The difference being POW you buy graphics cards versus buying Cardano for POS. Parameter k is an important factor for decentralization in Cardano. Currently k is set to 500 which sets the cap of a saturated ...


2

Epoch 234 On December 06th 2020, IOHK increased the k parameter from 150 to 500. This affected the optimal number of pools in the Cardano network. This change lowered the saturation point for stake pools from 220M ada to 64M, resulting in the loss of some rewards in oversaturated pools. Epochs 300...320 ? At the moment there are >3000 stake pools. The ...


1

You can use Nami Wallet for users to login directly with their Cardano wallets. OrbitDB is a serverless, distributed, peer-to-peer database built on top of IPFS. There are different services trying to solve this problem, for example fleek.co. And yes, you got the cons right - decentralization is useful, but expensive on performance. All depends on your use ...


1

Governance on the Cardano blockchain will come with Voltaire improvements at a a later date. Under the current system, update proposals are controlled by the keys IOG, CF and Emurgo control. Block sizes are a protocol parameter and require signatures by the above 3 entities to take effect. Participants cannot control from a technical level these parameters; ...


1

If we want decentralization, should we not focus supporting Single-stakepools with lower saturation? Decentralization is a loaded topic that goes way beyond simply delegating ADA to small pools. A truly decentralized network must incentivize individual participants' behaviors in ways that promote its healthy functioning and long term viability. This is a ...


1

This topic is years old.. Daedalus stakepool rankings are sorted in a fashion that do not benefit small pools. This concern has been brought up on numerous occassions on Cardano Forums yet nothing has changed. It's not a priority for CF because while the K variable may currently be set to 500, the network needs far fewer than that to be secure. This is why ...


1

High net-worth individuals running multiple stake pools is not necessarily a problem, as long as: the initial distribution of ADA is sufficiently decentralized (done) the aforementioned individuals' share of ADA is not growing at an exponential rate (done) The market is still young, in that the big BIG money hasn't entered yet. During times of high ...


1

After asking the great community in the Cardano Forum someone answered comprehensively and pointed me to a blog post with an abstract, a video and a link to the paper.


1

For Windows environment, this page on the Cardano forum has the solution. It works! https://forum.cardano.org/t/storing-the-cardano-blockchain-on-another-hard-drive-flash-drive/3699


1

One solution I have found for now on macOS is to move part of the Daedalus files to an external volume. To do that on macOS: Ensure you went through Daedalus onboarding (to let it create its directory structure) Close the Daedalus wallet (even if it isn't done syncing the Blockchain) Open a terminal, and run: export EXTERNAL_DRIVE_PATH=/Volumes/<enter ...


1

As long as the facility is available in the code, it is technically possible for the process to be reversed.


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