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Cardano Foundation dropped an important announcement about decentralization on social media. Check it out below.
LEVEL UP! So there we have it, 100% decentralized block production on #Cardano.
Thank you to each and every SPO and developer out there who has brought us here, helping build, run & grow #Cardano. This is a great moment. And we’re still just getting started. Over to you… 🚀🧨 pic.twitter.com/MexAv3HhNP— Input Output (@InputOutputHK) March 31, 2021
Someone said: ‘What would happen if all bitcoin miners or ether miners or EOS pools. decide to shut down all at the same time? there is your answer.’
The same Twitter user said: ‘more than 70% of $ADA is staked now on Cardano pools. stake your $ADA, the more you stake, the more secure it gets and the less supply in the market >> the more rewards and price appreciation. #cardano https://pooltool.io.’
Earlier today, we revealed that a significant amount of ADA is delegated to charity. Check out the post that the team behind the project shared on social media.
Cardano is for the greater good! We are delighted to share that over US$500,000,000, yes, half a billion U.S. dollar worth of ada is currently being delegated to charity-focused initiatives on Cardano through mission-driven stake pools.
Read more https://t.co/9l55kBRGtv— Cardano Foundation (@CardanoStiftung) March 31, 2021
In the official blog post, the Cardano team notes that “Cardano is focused on bringing social and financial inclusion to underserved communities and causes that need it most—and there are few better ways to do this than supporting existing charities that are already having an impact in local communities.”
The trader who is known in the industry as Capo said that he believes Cardano could ignite a huge 25x parabolic move from the price of $1.18 on its way to $30.
He said: ‘“ADA not going to lie, it looks very bullish for the mid and long-term.”