The Chance of a Rally on the Popular Altcoin - Watch Out For This Progress!
The #Cardano ( #ADA) team explains how blockchain will go into decentralization. The #IOHK team shares the unusual technical details of the upcoming D-Day. How will seismic data from Japan advance decentralization?
Professor Alexander Russell, Senior Research Fellow at #Input #Output, the software development team behind the Cardano (ADA) blockchain, presents an interesting concept that makes the "transition to decentralization" safe.
↘️Exotic Randomness Resources: From NYSE to Seismic Data
In the final stages of Cardano's (ADA) progress, community-focused ADA stake pools will be responsible for 100 percent of block generation. Therefore, the whole process of keeping the blockchain holistic and secure will remain with the community.
Professor Russell explained that starting next week, the randomization mechanism used as the consensus-driven basis will be slightly adjusted. New entropy sources will be added: this event means a once lifetime transition in the system.
To ensure the improved randomness of the new system, the IOHK team will inject transactions with metadata determined by various common entropy sources.
Summary information on the New York Stock Exchange's closing prices on April 6 and real-time seismic data from the US Geological Survey, the University of Athens and the Japan Meteorological Society will be presented.
Seismic data will be collected for the first 36 hours of the new phase. An entropy addition mechanism will be activated during the 258 period on April 5.
The more "technical" users of Cardano (ADA) can contribute to the randomness upgrade in the private GitHub repository.
↘️Two Days Left to Cardano's (ADA) D-Day
On March 31, 2021, Cardano (ADA) eliminates the control of "compound pools" over the block production process.
Cardano's (ADA) mechanisms reduced the share (d-parameter) of pools controlled by the team by 0.02 per period.
On March 31, 2021, at the border of 257 periods, this metric will finally drop to zero permanently.
As Cardano prepares for this development, there has been some movement in the price. At the time of writing, the ADA price is trading at $ 1.21 levels