recently report good Take a look at the proof-of-stake chains: Cardano, Polkadot and Avalanche. Proof-of-Stake consensus mechanisms power blockchains such as Cardano, Tezos, Polkadot and Avalanche and allow the creation of staking and validator nodes.
VCs and Most of Crypto Twitter Do Their Best Not to Talk About It #cardano
But if you look at the raw metrics,#cardano Far ahead of other PoS chains
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Currently, Cardano has over 1,182,080 staking wallets, with a ratio of 72.63%, indicating a high degree of decentralization. Polkadot, on the other hand, has over 33,646 staking wallets (called nominators) with a ratio of 52.4%, indicating a relatively low level of decentralization.
Avalanche has 22,890 individual staking wallets and a stake ratio of 64.9%, which is relatively high compared to Polkadot’s 52.4%. Compared to Polkadot, Avalanche has a higher staking ratio, while there are fewer staking wallets.
With a total of 998 validators, Polkadot has less number of validators than Cardano, which has more than 3,202 stake pool/verifier nodes. Anyone can run Polkadot validator nodes, but there is a limit of 297 validators per epoch that can participate in the 24-hour verification.
Blockchain Trilemma Stands Without Breaking
Public blockchains have been around for a while, yet none of them have been able to solve the puzzle of the blockchain trilemma so far. The blockchain trilema refers to the problem in which a public blockchain will not be able to optimize for all three qualities: security, scalability, and decentralization.
Cardano’s network is highly distributed and decentralized, which reduces its vulnerability to DDoS attacks. Cardano Full Node’s relatively small size and low hardware requirements support its decentralization, which is reflected in the large number of stake pools and users running the full node.
Although the Cardano network exhibits a high degree of security and decentralization, it falls short on scalability benchmarks. In early 2022, Cardano listed 11 ways it wanted to scale. Most of these fixes are anticipated to be included in the upcoming Vasil update on September 22nd.