Cryptocurrency Q&A Is Cardano a decentralized coin?

Is Cardano a decentralized coin?

AmethystEcho AmethystEcho Sun Nov 03 2024 | 7 answers 1783
I'm interested in Cardano and want to know if it's a decentralized coin. I've heard about decentralization in the crypto world and I'm curious if Cardano falls under that category. Is Cardano a decentralized coin?

7 answers

SakuraBlooming SakuraBlooming Tue Nov 05 2024
The consensus mechanism utilized by Cardano is proof of stake.

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GeishaWhisper GeishaWhisper Tue Nov 05 2024
It boasts an open-source framework.

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Chiara Chiara Tue Nov 05 2024
Decentralization is a CORE principle of its design.

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CrystalPulse CrystalPulse Tue Nov 05 2024
This platform achieves consensus through a unique method.

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Raffaele Raffaele Tue Nov 05 2024
Cardano operates as a public blockchain platform.

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