Cardano is a more decentralized blockchain than Bitcoin.
Come explore with us.
In the
#Bitcoin network, out of the last 15 blocks, 6 blocks were mined by the Foundry USA pool, 4 blocks by F2Pool and 3 blocks by AntPool. Only 2 other pools had a chance to mine a block against dominant pools.
In the
#Cardano network, each block has minted a unique pool. Although there are multi-pool operators in the Cardano network, it is not often that one of them mints multiple blocks in a row. See picture 1.
There are about 1100 pools active in the Cardano network. Some operators run multiple pools, only exceptionally more than 10. We can say that hundreds of independent entities produce blocks in the Cardano network.
What about the number of miners vs. ADA stakers?
Roughly 4M ASICs are used to mine
$BTC, but they are owned by 50K to 200K miners. The biggest miners own up to hundreds of thousands of ASICs. An estimated 50 large miners control 50% of the hash rate. See picture 2.
$ADA is staked by 1.3M stakers. Part of the stakers will be exchanges and multi-stakers. See picture 3.
While it pays for BTC miners to run more ASICs because they have the advantage of scale, in the case of staking it does not make sense to have more staking accounts.
The 100 largest Cardano wallets only hold 20% of the ADA coins. See picture 4.
One entity can hold multiple ADA wallets similar to how one entity can own multiple miner companies.
Cardano is 100x to 200x more decentralized than Bitcoin in terms of block producers (pools). Cardano has 5x to 20x more delegators than Bitcoin.