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August 9, 2022
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Cardano’s block production is now fully decentralized

After seven months of hard work to optimize the platform, Cardano’s entire block production is fully decentralized.

IOHK, the company behind the blockchain, will no longer participate in the production of blocks, making Cardano the only truly decentralized and community-managed network on the market.

Cardano’s decentralization has been successfully completed

Since the launch of the Shelley update in July last year, Cardano has been on the path to complete decentralization. However, bringing the decentralization parameter to zero required significant effort and careful optimization. Now, after more than seven months of hard work, the network has been fully decentralized.

In a press release, Cardano’s parent company, IOHK, said that the entire production of blocks in the network is now in the hands of 2,000 community-owned pool operators (SPOs). IOHK will no longer participate in the production of blocks on the platform, continuing to work only on the protocols underlying the network.

The company said this was a significant moment in Cardano’s total decentralization, which will eventually lead to decentralization in both governance and development. According to Aparna Jue, product director at IOHK, working with the community of participation pool operators ensured that the transfer of block production was predictable and smooth.

“This is an important milestone in the development of Cardano, as it is the first component of the transfer of control to the community. This is a process that will continue for the rest of the year, ”she said in the statement. “Decentralization of the peer-to-peer network is next in our sights, along with the implementation of advanced governance features to deliver blockchain control to the Cardano community.”

The three pillars of decentralization

In a post from blog detailing the transfer of block production, IOHK explained that the decentralization of the network was a concept supported by three pillars – block production, network and governance. These concepts are inextricably linked and need to work synergistically to create decentralization, the company explained.

With IOHK now completely removed from block production, the next big problem to be solved is the implementation of a point-to-point (P2P) network. Although it has been tested with Shelley, the feature is still in the hybrid phase and will be developed in the coming months.

Despite the fact that governance is the last step in Cardano’s roadmap, IOHK has been working on the Goguen and Voltaire updates in parallel with Shelley. The recent launch of Goguen introduced native metadata and tokens in Cardano, increasing the popularity of the Catalyst Project. Catalyst is essentially a precursor to Voltaire, the phase of the network that will introduce on-chain voting.

The update is set to arrive 0 today at 21:44:51 GMT, transforming Cardano from a federated seven-node network managed by IOHK, Emurgo and the Cardano Foundation, into a decentralized network administered by the community set up to host a whole new ecosystem. financial.

Source: CryptoSlate

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