Landmark Day Marking Cardano’s Full Decentralization Is Almost Here
Cardano is fast approaching one of the important days in its history: March 31. On this day, the Ethereum challenger will become fully decentralized, delegating all the block generation to its community pools. Cardano has been working towards becoming fully decentralized for eight months now. In July last year, the project launched the Shelley update, becoming a proof-of-stake blockchain platform. However, at the time, all the block generation was handled by federated nodes owned by IOHK, the company behind the project. This led to concerns over its centralization. However, as IOHK notes in a new blog post, the landmark day marking Cardano‘s decentralization is almost here. On March 31, the company will delegate 100% of the projects’ transaction processing to the community. In the post, Colin Edwards, a Quantitative Strategist with IOHK stated, “At the end of March, we‘ll reach another significant milestone for Cardano when we’ll see d, the parameter that governs what percentage of transactions are processed by the genesis nodes, get to zero. At this point, responsibility for block generation will be fully decentralized. In other words, Cardanos network of 1800+ community pools will be solely responsible for producing blocks.” Since deploying the Shelley update in July, IOHK has been reducing