Category: Cardano Decentralization
What is Voltaire era in Cardano and how does it work?
Voltaire is the governance phase of Cardano’s development, designed to fully decentralize the network by enabling the community to have control over decision-making and network upgrades. Here’s how Voltaire works and contributes to Cardano’s decentralized governance model: 1. On-Chain Voting System Voltaire introduces an on-chain voting mechanism where holders of ADA (Cardano’s native cryptocurrency) have… Read more
What’s Cardano’s role in the context of decentralization?
Cardano plays a significant role in the world of blockchain decentralization, positioning itself as a third-generation blockchain designed to address the limitations of earlier systems like Bitcoin (first generation) and Ethereum (second generation). Here’s how you can frame Cardano’s role in the context of decentralization: 1. Cardano’s Vision for Decentralization 2. Ouroboros: A Proof-of-Stake Consensus… Read more