Cardano becomes the most decentralized network on the market with majority of ADA supply staked

With more than 69 percent of its total circulating supply now staked, Cardano has surpassed Polkadot as the most decentralized network in the world.

According to data from Staking Rewards, over 21.75 billion ADA has been staked on the Cardano network so far.

Cardano is now the most decentralized blockchain network in the world

Cardano, an ambitious blockchain platform created by IOHK, has been on a quest to become the world’s foremost blockchain platform, used for everything from dApps to digital identity and blockchain voting.

However, with the blockchain’s smart contract, interoperability, and governance functionalities yet to be fully released, many have dismissed the significance it currently has on the market.

But, according to the latest data from data aggregator Staking Rewards, Cardano has now become the most decentralized blockchain network on the market.

There is currently over 21.75 billion ADA staked on Cardano, representing 69 percent of its total circulating supply.

The blockchain has surpassed Polkadot, which has long held the first spot among blockchains in terms of staked value.

Chart showing the top 5 blockchain platforms by total staked value. *(Source:* *Staking Rewards*)

More than 100 million new ADA delegated in a single day

Data from Cardano data aggregator AdaPools has shown that the active stake or the total amount of ADA delegated at the end of the last epoch, currently stands at around 21.47 billion ADA.

The live stake, which represents the real amount of ADA currently delegated to stake pools, stands at 21,750,541,767.

Out of the 21.75 billion ADA currently staked, over 100 billion has been delegated to stake pools on Jan. 5 alone.

According to data published by Pieter Nierop, an average of 25.7 million new ADA has been staked per day in the past seven days.

There has also been an average of 1,500 new delegators to the network every day for the past week, while 1,895 new wallets have been created on Jan. 8 alone.

Graphs showing the number of new wallets and delegated wallets, as well as total amount ADA staked on Cardano. *(Source:* *Pieter Nierop*)

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Will Solana (SOL) Be the Shining Star of the Bull Market?

About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks. SOL’s price jumped above $60, as GSOL’s premium also increased. While the price may retrace, it may not take long before SOL hits $70. Despite being a notable casualty of the FTX contagion in 2022, Solana (SOL) has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11. However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital. The Big Players Are Here According to Bluntz, FTX, after getting the go-ahead to liquidate its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price has chosen the upside

Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?

The Terra Luna Classic community has passed another key proposal as they prepare for a revival of Terra Luna Classic (LUNC) and repeg USTC stablecoin to $1. The proposal aimed at having a guideline for a pay-per-job approach on the Terra Classic chain as core developer L1TF goes into maintenance mode for Q4. Meanwhile, the community is also collaborating on other fronts to keep LUNC and USTC above key support levels as traders started booking profits amid the latest pullback in the crypto market. Terra Luna Classic Passes Pay Per Job Proposal Proposal 11889 “Pay-per-job and governance-ruled Job List” has passed successfully. The proposal deemed the monthly model of roadmap and payment planning as suboptimal and plans to switch to a pay-per-job model. The proposal has received 91.99% “Yes” votes, with others mostly voting “Abstain”. The community believes it will optimize compensation structure, provide flexibility and transparency, boost community engagement, and risk mitigation. A

Crypto Ethone

Search This Blog