Cardano stake pool fighting malnutrition and drilling wells in Malawi. 50% of operator rewards to charity. Delegator rewards are not affected. πβ‘ Ticker: LHS
As predicted, Generative AI scams are now here. These will be dramatically better in 12-24 months and hard for anyone to distinguish between reality and the AI fiction
"On-chain governance. It's hard, it's really interesting, but what's so beautiful about it is it's not a concept anymore. It's a reality." @IOHK_Charles reflecting on Cardano's: Past, Present & future in this session from #CardanoSummit2023.
Watch it here: https://t.co/ldBsRHOqab
β°#ProjectCatalyst#Fund11 idea submission phase ends in 24h!
If you have an idea that will help #Cardano ecosystem to expand, head over to https://t.co/s8Eg2aT44K & submit your proposal.
The deadline for submission is Nov 30, 11 AM UTC
πhttps://t.co/lP6oVPu6EH
The Cardano Foundation is unwavering in its commitment to furthering the goals of CIP-1694 and steering #Cardano towards a fully decentralized on-chain governance system. Explore the specifics of our involvement in the Cardano ballot.
#CIP1694
π§΅(1/7)
Only on Cardano can users connect their wallet to any site without a care in the world!ποΈπββοΈ
For other chains you have to explain to people how dangerous that is to do! But on Cardano because of the UTXO & the security of the design, Wallet drains are impossible! $ADA ππ±
This weekβs Cardano development update is live on #EssentialCardano!
Read the report to learn about the latest on core technology, wallets and services, smart contracts, scaling, governance, #ProjectCatalyst, and #Cardano education. https://t.co/CadSN6ucRp
#CardanoCommunity
Always proud to be an active part of the #Cardano blockchain!!! πͺ
LHS has minted its 35th block!
As usual, 50% of the operator fee goes directly to our clean water project in Malawi, Africa.
Thank you so much to everybody who supports us πππ
#ADA
Want all the latest from across the #Cardano ecosystem? Get the hottest news, must-see interviews, and top insights in Essential #Cardano360, your definitive guide to the Cardano space.
ποΈ Live-streamed on X, Thursday Nov 30, at 16:30 UTC.
#CardanoCommunity#BuildingOnCardano
The Fund10 Shark Tank π¦ starts today at 15h00 UTC. 20 amazing #Cardano projects will elevator-pitch their Catalyst proposals to sharks @Padierfind and @Real0xJason. This is something you don't want to miss. So, set your reminders! ππ¦π
https://t.co/LqlmYhwulM
Cardano is a more decentralized blockchain than Bitcoin.
Come explore with us.
In the #Bitcoin network, out of the last 15 blocks, 6 blocks were mined by the Foundry USA pool, 4 blocks by F2Pool and 3 blocks by AntPool. Only 2 other pools had a chance to mine a block against dominant pools.
In the #Cardano network, each block has minted a unique pool. Although there are multi-pool operators in the Cardano network, it is not often that one of them mints multiple blocks in a row. See picture 1.
There are about 1100 pools active in the Cardano network. Some operators run multiple pools, only exceptionally more than 10. We can say that hundreds of independent entities produce blocks in the Cardano network.
What about the number of miners vs. ADA stakers?
Roughly 4M ASICs are used to mine $BTC, but they are owned by 50K to 200K miners. The biggest miners own up to hundreds of thousands of ASICs. An estimated 50 large miners control 50% of the hash rate. See picture 2.
$ADA is staked by 1.3M stakers. Part of the stakers will be exchanges and multi-stakers. See picture 3.
While it pays for BTC miners to run more ASICs because they have the advantage of scale, in the case of staking it does not make sense to have more staking accounts.
The 100 largest Cardano wallets only hold 20% of the ADA coins. See picture 4.
One entity can hold multiple ADA wallets similar to how one entity can own multiple miner companies.
Cardano is 100x to 200x more decentralized than Bitcoin in terms of block producers (pools). Cardano has 5x to 20x more delegators than Bitcoin.
Essential #Cardano360 is the one to watch if you want the latest news about #Cardano, to connect with the community, or if you want to stay up to date on whatβs going down in the ecosystem.
π Subscribe now and join us on the last Thursday of the month: https://t.co/VsFDhINX5j