CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

What It Means for ADA

October 17, 2024
in Crypto News
Reading Time: 2 mins read
A A
0
What It Means for ADA
0
SHARES
4
VIEWS
ShareShareShareShareShare
  • A Cardano member has submitted a proposal to have all ADA stake pool operators migrate from centralised solutions like Google Cloud and Amazon’s AWS.
  • The member says these solutions could exert undue pressure on the decentralisation of the token and instead want the funds directed to the operators’ wallets.

Cardano has been on a path to decentralisation, with recent upgrades paving the way for the original developers to hand over control to the people. However, it still relies on centralised solutions like Amazon Web Services (AWS) and Google Cloud. One Cardano member now wants these services pushed out to ensure that Cardano continues on its journey of decentralisation.

RELATED POSTS

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Community member Jerry Hall submitted the proposal this month, noting:

The issue is: First, the majority of computation for the network is handled by large corporations, rather than participants. Second, the transaction volume does not reflect the network’s potential.

He notes that one of Cardano’s main criticisms is that it lacks users and transaction volumes compared to its rivals. A spark is needed, and according to Hall, this can only happen if the dApps in the ecosystem have something to offer.

He proposes partnering with HyperAlliance, a firm developing in-home appliances specifically for AI computation. This is the same hardware configuration that the HyperCycle network relies on. Hall believes that “we can bring a very substantial amount of engagement and economic activity directly to the Cardano network participants, especially Cardano Home Portal owners.”

Once the stake pool operators plug in their Cardano Home Portals and go online, they will immediately start rerouting the funds that were previously going to Google, Amazon, Microsoft and others to their digital wallets. The proposer added:

Cardano is the most decentralized blockchain, but in order to create true decentralization, we need to make it easy for people to run their own Cardano node and help the API providers with their load to make querying operations sustainable.

Hall noted the irony of the crypto industry, where we feed the same monsters that we are fighting, which is centralisation.

Indeed, Cardano is leading the way in decentralisation. It’s currently in the Voltaire phase, which is the final era in its roadmap and is fully focused on decentralisation. It comes with an on-chain governance system where ADA holders have the power to determine the direction of the project and a treasury system where the community decides what to do with the funds.

Buy JNews
ADVERTISEMENT

ADA could greatly benefit from the proposal to skip centralised platforms. As outlined, it advocates for the funds that previously went to the likes of Amazon and Google to be rerouted to the ecosystem, boosting the funds available to the users and the stake pool operators. This would ultimately hand a massive boost to ADA.

ADA trades at $0.3469, dipping 2.5% in the past day to bring its gains over the past week to 3.55%.


Recommended for you:


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bank of America Warns $35,751,000,000,000 National Debt Will Surge To ‘Unprecedented Levels’ As US Lender Recommends One Asset To Investors

Next Post

Cosmos Developer Releases ‘Urgent Warning’ About ATOM Liquid Staking Model, Says North Koreans Wrote Code

Related Posts

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
Crypto News

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)
Crypto News

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link
Crypto News

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Next Post
Cosmos Developer Releases ‘Urgent Warning’ About ATOM Liquid Staking Model, Says North Koreans Wrote Code

Cosmos Developer Releases ‘Urgent Warning’ About ATOM Liquid Staking Model, Says North Koreans Wrote Code

Investors Mock Italian Government’s Move to Raise Crypto Taxes to 42%

Investors Mock Italian Government's Move to Raise Crypto Taxes to 42%

Recommended Stories

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026
Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Riot Blockchain Yearly Bitcoin Production Increases by 236%, Accumulates $194M in BTC

Riot Platforms Sells $289M in Bitcoin as Mining Output Drops 4% in Q1

April 2, 2026

Popular Stories

  • Renowned 3D NFT Artist Gal Yosef Announces Meta Eagle Club Collection Backed By Eden Gallery

    Renowned 3D NFT Artist Gal Yosef Announces Meta Eagle Club Collection Backed By Eden Gallery

    0 shares
    Share 0 Tweet 0
  • Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Leading US-based energy firm explores Bitcoin mining

    0 shares
    Share 0 Tweet 0
  • Pro-crypto Congressman Tom Emmer looks to reintroduce bill to protect non-custodial blockchain service providers

    0 shares
    Share 0 Tweet 0
  • Fidelity’s FBTC Leads the Pack as US Spot Bitcoin ETFs Break Negative Streak

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.