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Will ADA Prices Push Higher?

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Cardano is one of the largest blockchains and among the first to use a proof-of-stake consensus algorithm. Although the network fell out of the top 10, it remains one of the most decentralized platforms. Assembly tool data He appears That Cardano had over 2,800 stake groups (or validators) at the time of writing on October 16.

Cardano stake pool operators | Source: Cardano Bull Tool

To maintain this level of decentralization, pool operators must run nodes and maintain a high uptime of over 99%, to avoid penalties. This is often achieved using centralized cloud providers such as Google, Amazon, and others.

The developer proposes to decentralize computing resources using physical infrastructure

Suggest now Objectives To decentralize physical computing infrastructure, ensuring that interest group operators do not spend money on centralized solutions but on options managed from home while Help the network grow.

Although nothing can be extracted from Google and other centralized cloud operators since their computational resources have helped Cardano scale and grow, there are concerns that their role in securing the platform could exert undue influence.

This approach also goes against what blockchain represents for decentralized systems that diffuse power from centralized organizations to individuals, leading to a more robust and reliable ecosystem.

Accordingly, the proposer presents the idea of ​​moving funds away from Amazon, Google, and other centralized cloud providers that host most of these interest groups to individual networks for resiliency and sustainability.

The proposal describes the use of Cardano Home Portal devices to decentralize computing resources. These tools are specifically designed to calculate artificial intelligence and will can be developed With HyperAppliance. Once connected, they will redirect the funds spent on centralized options to the owner’s ADA wallet.

Cardano moves to Voltaire, decentralizing governance: Will the Americans with Disabilities Act rise?

This development comes after the transition from Gauguin to Voltaire. Following Zhang, ADA users can now participate in voting, helping to shape how blockchain evolves.

With decentralized governance, the network shifts away from the use of centralized federal agents to a community-driven approach via decentralized representatives (DReps) that gives more power to ADA holders.

Cardano price is moving sideways on the daily chart Source: ADAUSDT on Binance, TradingView
Cardano price is moving sideways on the daily chart source: ADAUSDT on Binance, TradingView

Although Cardano migrated to Voltaire without any hitches, ADA is still under pressure. The coin fell after rising to $0.80 in March 2024. It is now 56% below this year’s high and risks a decline if the bulls fail to break through the current consolidation and resistance level at $0.40.

Featured image from Canva, chart from TradingView

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