Monday, May 10, 2021

Cardano (ADA) Rated As One of the Most Decentralized Blockchains with Over 1000 Active Stakepools

Cardano (ADA), the third-generation blockchain project, has been rated as one of the most decentralized blockchain projects with over 1000 active stake pool operators.

The report was shared by Cardano Foundation some hours ago. According to the Foundation, the cryptographic project was listed as one of the top global blockchains by CV VC in conjunction with PwC.

Cardano Foundation reported, “We are excited to announce that Cardano has been listed as one of the top global blockchain organizations in the sector Platforms & Protocols in @_CV_VC’s latest report published in collaboration with PwC.”

This significant remark was corroborated a few hours ago with additional information by Jeremy Firster, the newly unveiled Project Manager at Cardano Foundation, in reaction to a report shared by The Cardano Report.

According to Firster, currently, about 30 percent of blocks are produced by SPOs, with the target to hit 100 percent by the end of March 2021.

Jeremy Firster noted:

“Cardano has been rated as one of the most decentralized blockchains, with over 1,000 active stake pool operators. Currently close to 30% of blocks are produced by SPOs with 100% target by end of March 2021.”

Bitcoin Suisse Participates In Cardano PoS Protocol

In a report shared by The Cardano Report, the leading cryptocurrency financial service provider in Switzerland, Bitcoin Suisse, is participating in Cardano proof-of-stake (PoS) protocol with ADA Stake Pool, 100 percent variable fee, and 17.5 million ADA staked.

The Cardano Report tweeted, “Bitcoin Suisse, Switzerland’s leading crypto-financial service provider, participates in Cardano PoS prootcol with ADA Stake Pool, 100% variable fee, 17.5m ADA Staked.  “𝗔 𝗡𝗲𝘄 𝗘𝗿𝗮…𝗔 𝗕𝗲𝘁𝘁𝗲𝗿 𝗪𝗼𝗿𝗹𝗱 Cardano – Blockchain 3.0.”

In a follow up tweet, Jeremy Firster sees the involvement of Bitcoin Suisse in ADA staking as a notable signal of Cardano’s advancement in enterprise demand.

“Bitcoin Suisse participating in staking ADA is a strong signal for growing enterprise demand,” Firster stated.

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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