Cardano Foundation just released new important details about the future moves that the team behind the project plans to make.
Check out the latest tweet below:
Our delegation methodology will be adjusted following changes to the k-parameter (coming Dec 6). This will impact our stake pool operators & delegators. Learn more about the upcoming changes here: https://t.co/bmSZOkwO9h
— Cardano Foundation (@CardanoStiftung) November 18, 2020
The official blog post that is mentioned in the tweet above notes that “On 5 November 2020, IOHK outlined its plans 26 to change the k-parameter* starting from 6 December 2020 during epoch 234. As part of the continuing mission to fully decentralize the Cardano network, the k-parameter will be increased from k=150 to k=500.”
Also, it’s been revealed that “In order to keep our delegation methodology 33 transparent, we would like to give you a brief update on our next steps following the planned k-parameter adjustment, and outline the reason for deferring our re-delegation last week.”
Cardano Foundation also announced the following: “There may be some further changes to our staking methodology until the beginning of a new epoch on 6 December 2020. In every event, we will proactively inform you about interruptions via the appropriate channels.”
We recommend that you check out the original notes in order to learn the complete available details.
Cardano in the news
Recently, IOHK dropped an important announcement on Twitter a few hours ago.
Check out the message below.
Just under two hours from now, we’ll glide seamlessly into another new epoch. In epoch 230, the community will take on 56% of all #Cardano block production, as federated nodes handle just 44%. And delegators will collect another epoch of #ADA rewards. Onwards! @Cardano pic.twitter.com/i9nGgyZyR0
— Input Output (@InputOutputHK) November 16, 2020