- Charles Hoskinson sees decentralized governance and associated blockchains as key to the sustainability of the Cardano blockchain.
- The drop in Cardano’s staking yield to 2.97% raises concerns about the profitability of staking pools.
The activation of decentralized governance, treasury and associated blockchains are identified by Charles Hoskinson, founder of Cardano, as important elements in achieving blockchain sustainability.
These considerations arise in response to the need to ensure the long-term viability of Cardano, an issue that has come to the fore due to the discussion on how to improve the network in the face of fluctuations in staking yields.
Patrick Tobler, CEO/creator of NMKR, initially highlighted the importance of increasing transaction volume on the network to strengthen Cardano. This point becomes relevant when considering the recent drop in Cardano’s staking payout percentage to below 3%, currently standing at a yield of 2.97%, according to Staking Rewards.
The concern lies in the fact that if staking pools become unprofitable, problems could arise for Cardano’s blockchain.
While Hoskinson highlights a vision of sustainability based on growth and partnership, Tobler emphasizes the urgency of addressing the immediate economic viability of staking pools through increased transaction volume and greater user participation in the Cardano network. This discussion underscores the ongoing debate about optimal strategies for securing Cardano’s long-term future.
You can read: Cardano (ADA) challenges Ethereum: $10 price on the horizon amid surge of developers
Cardano (ADA-USD)’ scurrent price is approximately $0.613457 USD. It has decreased by 5.10% since the last recorded price. The currency has had a fluctuation on the day ranging from $0.613457 to $0.650745.
In the last year, Cardano has experienced a price range from $0.230420 to $0.806985
