28 views
in Cryptocurrency by (2.2k points)

How decentralized is Cardano?

Please log in or register to answer this question.

1 Answer

0 votes
by (16.6k points)
Cardano is considered to be highly decentralized compared to other blockchain networks. It utilizes a proof-of-stake consensus mechanism which allows for a more decentralized governance model. The network is supported by a large number of individual stakeholders, known as validators, who participate in the block creation and validation process. This distributed approach aims to prevent any single entity from having control over the network, promoting decentralization and security.

Related questions

1 answer
asked Mar 18, 2024 in Cryptocurrency by bivas54 (2.2k points)
2 answers
2 answers
asked Jun 9, 2024 in Cryptocurrency by Kelvindhope (16.6k points)
2 answers
asked Jun 9, 2024 in Cryptocurrency by Kelvindhope (16.6k points)
2 answers
...