Cardano Blockchain Has More Than 700 Active Pool


Cardano blockchain recorded a significant increase in the number of active pools on the network. This is a remarkable development, given the launch of the Cardano Shelley home network less than a week ago, which has switched the blockchain into a Proof-of-Stake (PoS) model.

Following the information provided by PoolTool, the Cardano blockchain has exactly 744 active stake pools. According to a tweet by IOHK CEO Charles Hoskinson, there were only 547 active pools on August 1. So we can say that the number is increasing rapidly.

Cardano, which has a total of 31.7 billion in the currently held pools, has 6.18 billion of the cryptocurrency ADA. This figure represents 19.5 percent of the total supply of crypto money.

The introduction of Shelley’s main network brought the decentralization and PoS model to the Cardano blockchain. The PoS concept will enable cryptocurrency users to play as delegates or prize pool operators to earn more ADA as a reward. In this way, the Cardano Foundation expects to see more active pools in the blockchain.

The Foundation noted:

“As the number of registered betting pools increases, Cardano blockchain will become increasingly decentralized. When Cardano main network reaches 1,000 pools, Cardano will be one of the most decentralized, scalable and secure blockchains to date. ”

ADA Update

According to Coinmarketcap, Cardano (ADA) was trading at $ 0.137912 at the time of writing. The eighth largest cryptocurrency has a market cap of $ 3,573,117,070 with a total supply of 31,112,483,745 ADA.

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