- Cardano To Reach 100% Decentralization and Security As Pledging is Set to Takeoff
- Cardano ADA Moves Above the $0.051 Level As the Support at $0.050 Holds Steady
Cardano ADA News Today – The Cardano development team has been working hard to make sure that the implementation of the Shelley mainnet is successful. This is because Shelley is going to make the Cardano blockchain 100% decentralized. A major path on this road to decentralization is pledging. Lars Brünjes, the director in charge of education in IOHK, said that they are now set to start pledging. In a recent video, he explained how this Cardano pledging will work. He said that pledging is going to keep the Cardano blockchain decentralized and safe as they move towards the Shelley mainnet launch.
Cardano News Today – Cardano Pledging Will Protect the Cardano Network
According to Brünjes, pledging will encourage a stable and healthy commercial Cardano ecosystem system. The pledges will depend on the size of the staking pool. The bigger the staking pool, the higher the pledges required. The Cardano network will become a proof-of-stake network after Shelley is implemented. This is because of its unique reward system and delegation mechanisms. With the Shelley mainnet launch scheduled to be launched this year, the network needs to retain its security without compromising on efficiency. Pledging also ensures fairness in the stake pools.
Cardano (ADA) Price Today – ADA / USD
The stake operators will be able to pledge their ADA stakes to make them more attractive and keep them competitive. This was a major concern for IOHK because small staking pools will not enjoy fairness. To solve this problem, they made it a requirement that bigger staking pools pledge more than smaller ones and no one is cheated. People will be able to rate the pools based on the level of pledges, operating costs, margin, and performance. Brünjes concluded by talking about Cardano’s scientific protocol. In his “We believe in our scientific approach and are confident that our design will lead to a decentralized, stable, and secure system”
Cardano Price Analysis – Cardano ADA Retests the $0.051 Level
In other news, the Cardano ADA token has found strong support at the $0.050 level. The token may be going to hold this $0.0500 throughout the weekend. At the time of writing, Cardano ADA was trading at $0.051061. This means that it is down by 0.63% against the USD and down by 0.38% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $135,858,603 and the market capitalization is $1,323,861,693. As long as the Cardano ADA token maintains this $0.0500, there is hope that the bulls will come back to the market soon.