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HomeNewsADA's Sustainable Future: Cardano Founder Discusses Three Essential Drivers for Blockchain Success

ADA’s Sustainable Future: Cardano Founder Discusses Three Essential Drivers for Blockchain Success

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  • 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.

Related: Cardano Dominates Developer Activity: Outperforms Ethereum, Avalanche, Litecoin and Tron on GitHub Commits

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

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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