Wednesday, September 29, 2021
Home Latest News Altcoins Cardano is the most decentralized network on market

Cardano is the most decentralized network on market

Cardano has exceeded Polkadot as the most decentralized network in the world, with more than 69 percent of the entire circulating supply fully engaging. About 21.75 billion ADA has so far been staked on the Cardano network, according to data from Staking Rewards.

Cardano, an innovative blockchain platform created by IOHK, has been on the journey to become the world’s leading blockchain platform, used for everything from dApps to digital identity to blockchain voting.

However, with the smart contract, interoperability, and governance capabilities of the blockchain yet to be completely released, many have denied the importance that it currently has on the market.

But Cardano has now become the most decentralized blockchain network in the industry, according to the new data from data aggregator Staking Rewards. Currently, Cardano retains over 21.75 billion ADAs, comprising 69 percent of the entire circulating supply. Polkadot, which has long occupied the first position among blockchains in terms of stake value, has been surpassed by the blockchain.

Data from Cardano data aggregator AdaPools shows that, at the end of the last epoch, the active stake or the total amount of ADA delegated, currently stands at about ADA 21.47 billion. The live stake, which is 21,750,541,767, reflects the actual amount of ADA presently assigned to stake pools.

Out of the 21.75 billion ADA currently owned, on January 5 alone, more than 100 billion were delegated to stake pools.

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.


Please enter your comment!
Please enter your name here

- Advertisment -

Must Read

Walmart should accept Bitcoin, according to a survey (For Real)

A Morning Consult survey published on Sept. 21 has found that frequent Walmart shoppers are two times more likely to own Bitcoin than the...