Tag Cardano Network Parameters

Cardano has around 30 network parameters. Parameters are the mechanisms that control how the Cardano Blockchain works. These articles goes deeper on these pararameters, thier importances, and why one might care to pay attention to them.

As of this recording, Cardano has around 30 network parameters. These parameters are the mechanisms that control how the Cardano Blockchain works. Today we are talking about the pool_deposit parameter.

Cardano, unlike Bitcoin, is a Proof-of-Stake blockchain. On bitcoin, the blockchain is secured by expensive computer hardware using lots of electricity. These machines are distributed across the planet. Every time new data needs to be stored, 51% or more consensus is required among this global network of devices. The idea is that since these expensive machines are distributed worldwide, it would be very hard for a single group to control more than 50% of the total hashing power in the system. So far, this has worked well, but there’s a…