A major change has occurred in the Cardano ecosystem as responsibility for block generation has been transferred to the community behind it.
This news, which has seven months in the making, was officially announced on March 31, 2021. During the handover process, the Cardano platform was optimized even as block production was transferred slowly.
This effort is part of a larger plan to have a fully decentralized Cardano. Following the decentralization of block generation, both Cardano governance and the network will be removed from a single administrative center. This latest achievement represents an important milestone in the goal.
An important milestone for Cardano
Currently, Cardano is the most decentralized proof of stake blockchain in the world, with more than 2,000 active staking pools. With the transferred block generation, IOHK will no longer be responsible for the creation of any blocks. Ultimately, the plan is that the Cardano community will have full control over the ecosystem, including governance and health.
This change did not happen overnight, and instead was gradually made over a seven-month period. Over time, Cardano’s network of over 2,000 community stake pools will play an even greater role in managing the blockchain.
The team behind Cardano has said in the past that decentralization is one of the network’s main priorities. The ultimate goal is for Cardano users to become their central authority for their financial needs without the need for intermediaries. Additionally, Cardano wants to remove existing barriers to enter the financial world and make itself accessible to everyone, regardless of where they live and where they come from.
The team believes this will be done by putting the power of the network in the hands of its users rather than a single body. According to Aparna Jue, Product Director of IOHK, the priority of the project for the past few months was to ensure a smooth transfer for block production, now that this goal has been achieved, other priorities will also be addressed.