While I’ve got no specific beef with Cardano… it is a Proof of Stake blockchain.
It is far too easy for any large entity or government to produce enough stake size to become the top validator on the chain, and thus it becomes centralized.
Proof of Work on a chain with a massive hashrate where no single entity can easily or cheaply take over 51% of the network hashrate…. Is the only truly decentralized consensus model.
While I’ve got no specific beef with Cardano… it is a Proof of Stake blockchain.
It is far too easy for any large entity or government to produce enough stake size to become the top validator on the chain, and thus it becomes centralized.
Proof of Work on a chain with a massive hashrate where no single entity can easily or cheaply take over 51% of the network hashrate…. Is the only truly decentralized consensus model.