קאַרדאַנאָ גרינדער אַוטליינז 3 שליסל מעטריקס פֿאַר מעסטן די דיסענטראַליזיישאַן פון קריפּטאָ סעקטאָר

Cardano founder outlines 3 key metrics for measuring crypto sector's decentralization

קאַרדאַנאָ (אַדאַ) founder Charles Hoskinson has stated that the קריפּטאָקוררענסי space has no concrete metrics to measure decentralization.

Hoskinson expressed his frustration with existing crypto projects that present themselves as decentralized without understanding the full meaning of the concept, he האט during his keynote speech at the Rare Bloom event on October 26. 

According to Hoskison, decentralization is necessary, and it should be guided by resilience, control, and reliability. 

“איך בין מיד פון זיין אין אַ אינדוסטריע ווו יעדער מענטש זאגט; מיר זענען דיסענטראַלייזד. וואס מיינט עס? מיר האָבן נישט קיין וועג צו מעסטן. עס איז ווי צו זאָגן אַז מיר זענען פּערפאָרמאַנסע. <...> דאס זענען נאָר פּאַפערי. דאס זענען בלויז ווערטער. די פּראָבלעם איז אַז דיסענטראַליזיישאַן איז אַ מעזשערמאַנט פון ריזיליאַנס. עס איז אַ מעזשערמאַנט פון קאָנטראָל. דאָס איז אַ מעזשערמאַנט פון רילייאַבילאַטי, און עס איז די וועג ווי פּראָטאָקאָלס זענען דיזיינד, ”ער האט געזאגט. 

Creating a decentralization metric 

In this line, Hoskinson revealed that after challenging industry players to devise a metric for measuring decentralization, he was forced to take up the mantle after they failed to take action. 

The approach resulted in the development of the Edinburgh Decentralization Index (EDI). He pointed out the EDI offers a blueprint for how a system’s decentralization should be measured but noted that there is a need for further development.  

Additionally, Hoskinson suggested that understanding the decentralization metric can go a long way in assisting in classifying cryptocurrencies as part of the general רעגולאַטאָרי דערוואַרטונג. 

“Probably will end up being the way of determining sufficiently decentralized the difference between a security and a commodity in our industry. Just that simple,” he added. 

He also stressed the importance of בלאָקקטשאַין-based governance, stating that it is vital for the future of crypto projects’ growth and sustainability. 

Cardano official wallet 

In the spirit of decentralization, Hoskison added that there is no need to have a Cardano official wallet. He stressed that there is a need for identifying certifications to guide such a wallet instead of being tied to a single storage platform. 

As געמאלדן by Finbold, Hoskinson had earlier revealed that ​​Cardano hopes to get rid of the original wallet notion but create guidelines for developers to release certified wallets. 

Source: https://finbold.com/cardano-founder-outlines-3-key-metrics-for-measuring-crypto-sectors-decentralization/