Cryptocurrency Q&A
How many validators on Cardano?
How many validators on Cardano?
CosmicWave
Mon Jul 01 2024
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6 answers
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As a keen observer of the cryptocurrency landscape, I'm often intrigued by the various networks and their underlying architectures. In particular, the Cardano blockchain has garnered significant attention due to its innovative approach and robust infrastructure. Given the critical role validators play in securing and sustaining blockchain networks, I'm curious to know: How many validators are currently active on the Cardano blockchain? Understanding this metric is essential in evaluating the network's security, decentralization, and overall resilience. I believe the answer to this question could provide valuable insights into the current state and future prospects of the Cardano ecosystem.
6 answers
Nicola
Wed Jul 03 2024
Avalanche, another prominent proof-of-stake blockchain, follows closely behind with 1,199 validators. Its staking rate stands at 49.38%, indicating a solid commitment from its community with regards to its 246 million circulating supply.
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Martino
Wed Jul 03 2024
Ethereum Beacon Chain, the staking component of the Ethereum network, also makes an appearance on this list. With a remarkable 309,169 validators, it demonstrates the vast support and participation within the Ethereum ecosystem. Despite the large number of validators, its staking rate is at 8.2% of its 119 million circulating supply.
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CryptoBaroness
Wed Jul 03 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its users. Among these is its spot trading platform, where investors can buy and sell cryptocurrencies at current market prices.
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GeishaCharming
Wed Jul 03 2024
In addition to spot trading, BTCC also provides futures trading services. This allows traders to speculate on the future price movements of cryptocurrencies, providing opportunities for both hedging and profit-making.
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lucas_clark_artist
Wed Jul 03 2024
Among the leading proof-of-stake blockchains, Cardano stands out with a substantial validator count and a high percentage of its circulating supply staked. With 2,977 validators, it boasts a staking rate of 69.60%, representing a significant portion of its 33 billion circulating supply.
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