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Cardano Is The Most Decentralized Network On The Market Right Now

Stefan by Stefan
10/01/2021
in Cardano News
Reading Time: 2 mins read
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Cardano Rises 5% In One Day, ada, vasil, hard fork
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Cardano is the most decentralized network on the market currently with most of the ADA token supply staked. With 69 percent of the total circulating supply staked, Cardano surpassed Polkadot as the most decentralized network as we can see more in our Cardano ADA news.

According to the data from Staking Rewards, more than 21.75 billion ADA has been staked on the Cardano network so far. The blockchain platform is created by IOHK and was on a quest to become the main blockchain platform in the world, used for everything from Dapps to digital identity and blockchain voting. With the blockchain’s smart contract, governance functionalities and interoperability yet to be released, most have dismissed the importance that it currently has on the market.

chart
Chart showing the top 5 blockchain platforms by total staked value. (Source Staking Rewards)

However, According to the data from the data aggregator Staking Rewards, Cardano has become the most decentralized blockchain network on the market. There are over 21.75 billion ADA staked on Cardano which represents 69% of the total supply in circulation. The blockchain has surpassed Polkadot which has held the prime position among blockchains in terms of staked value. The data from Cardano’s ADApools aggregator shows that the active stake or the total amount of ADA delegated at the end of the last epoch now stands at about 21.47 billion ADA and the live stake which represents the real amount of ADA is now delegated to stake pools and stands at 21,750,541,767.

graphs ada
Graphs showing the number of new wallets and delegated wallets, as well as total amount ADA staked on Cardano. (Source Pieter Nierop)

Out of the currently staked ADA coins, over 100 billion was delegated to stake pools on January 5th alone. According to the data by Pieter Nierop, 25.7 million new ADA on average is staked per day especially in the past week. There was also an average of 1500 new delegators to the network every day for the past week while 1895 new wallets were created a day ago.
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No way, we just hit 100 Million new stake ADA on a single day !

This is insane.

Guy stake and don't sell !!!!#Cardano #ADA pic.twitter.com/c3p6rSG0M6

— Pieter Nierop (@nierop_pieter) January 5, 2021

As recently reported, The Cardano blockchain got a huge new case that is set to further boost IOHK’s push to make the Cardano the perfect platform for enterprises. According to the latest announcement, Cardano will partner with Wolfram Alpha which is a huge computational engine that will integrate the data from the ADA blockchain. The partnership will happen through Wolfram Blockchain Labs which is a subsidiary of Wolfram Research.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: adaCardanocardano adacardano is the mostcardano networkmarketmost decentralized network
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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