Cardano’s community network of more than 1,800 pools will be responsible for 100% of block generation in less than a month as the project is moving towards decentralization.

 

Less than a year after launching IOHK’s network of federation nodes, Cardano will become fully decentralized by the end of March 2021. At this point, the network of more than 1,800 community pools already established will be responsible for the generation of all new blocks.

Cardano becomes fully decentralized

With the upcoming D (= 0) day, IOHK, the company behind popular blockchain project Cardano, has posted a post highlighting the latest milestone in its development.

Cardano is on its way out of centralization in less than a month. The post explained that following the Shelley update’s release in July 2020, the developers built the network so that each block would be generated by IOHK’s network of unified nodes.

Cardano’s developers created an automatic recalibration process that reduces the parameter (referred to as d) that determines what percentage of transactions will be processed by origin nodes by 0.02 per cycle. This means a 2% increase in community block production every five days.

Therefore, the community took a more important role in block production over time, which led to the current situation. Only 12% of the blocks are produced by federated nodes. The number will continue to decrease gradually until it reaches zero (also known as D = 0 Days) on March 31st.

After doing this, the network will become “completely decentralized” as “D = 0 pushes the power to the ends”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here