CandleFocus Cardano Infrastructure Decentralization Proposal: What It Means for ADA Prices
2024-10-17
Author: Content Editor
Cardano, a cryptocurrency, is on a journey towards decentralization but still relies on centralized solutions like Amazon Web Services (AWS) and Google Cloud. A community member named Jerry Hall has proposed pushing out these services to further Cardano's decentralization. He believes that Cardano lacks users and transaction volumes compared to its rivals, and partnering with HyperAlliance to bring engagement and economic activity to the Cardano network could help address this. The proposal suggests rerouting funds that previously went to centralized platforms to the ecosystem, which could greatly benefit ADA, the cryptocurrency of Cardano. ADA is currently trading at $0.3469, with a slight dip in the past day.
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