Recently IOHK dropped an important announcement about the efforts towards the Cardano decentralization.
Boosting Cardano decentralization
Check out the recent announcement that the team shared on social media:
NEW BLOG: On December 6th, we’ll be changing the k-parameter as part of our ongoing commitment to #Cardano decentralization, opening up further opportunities for stake pool growth.
— Input Output (@InputOutputHK) November 5, 2020
A follower said: “We did not expect that the K parameter will be increased so quickly, but it will be good for decentralization and smaller SPOs.”
Someone else posted this: “I was sensing a real danger that smaller operators will cash in their chips and change to Ethereum and Cardono will end up with 10 operators with 100 pools each.”
Another commenter wrote: “With K=500 in the upcoming December 6th change what is the expected saturation level that the pool will find itself at? By my calculations, currently sat sits at 16,46% of the 220M, so 36,212M ADA currently correct? (From info from Daedalus) 1/2.”
One other follower praised the efforts: “Happy this is happening with decentralization in mind, not sure yet of its positive effects on smaller pools. Anyhow hope our pool with ticker #SPACE gets some delegations.”
Cardano Foundation looks for ways to help amidst Covid-19 second wave
Earlier today, it’s been revealed that the Cardano Foundation is analyzing potential ways in which they could help amidst the powerful second wave of Covid-19 that has hit the world.
Check out the post that they recently shared on their social media account: