The Challenges of Decentralization for Cardano

Bitcoin protocol has been running successfully for more than 10 years. In today’s article, we will look at how the level of decentralization has evolved over time for the project that has been running the longest. The shift in the quality of decentralization from a relatively high level to a low is significant and it is interesting to see why it happened.

After investigating how and why the level of decentralization decreased in the Bitcoin network we will look at how the Cardano project approaches decentralization and how it has learned from its predecessor’s mistakes. Charles Hoskinson sometimes says that Cardano will be 50x more decentralized than Bitcoin. We will show you how the level of decentralization can be objectively assessed and why it is possible to say that.

We hope that our observations will be interesting for you.

A team is responsible for the level of protocol decentralization even if the main-net has been launched.

Decentralization is a dynamic process

Decentralization is not something a protocol could achieve once, and then it would have forever. Decentralization is a dynamic process and will change over time. Decentralization is mainly about the number of independent and self-organized people involved in the network consensus. People act on the basis of their economic interests and their desire for power. A distributed protocol has some potential…