Cardano
$0.14043 3.09%
ADA · 4w

What can delegators do to help Cardano become the most decentralized network in the world?

The Shelley roadmap laid out the expectation that the project could achieve 100 times the decentralization of other networks. Unfortunately, we are far from decentralisation at the moment, the pie chart below shows that 10 pools control over 45% of the network. ​ https://preview.redd.it/2kc7v05w0fv51.png?width=1214&format=png&auto=webp&s=928fe2cbf7f79b1d4134d74a35ca6b73edd36bdb # What Can Delegators Do To Help Cardano Become The Most Decentralized Network In The World? **Easy answer**……..delegate to small pools instead of big pools, this is as simple as that. ## Why shouldn’t you delegate to large pool? * By delegating to large pool you contribute to the centralization of the Cardano network * By delegating to small pools, you contribute to the decentralization of the Cardano network, which help increase Cardano’s value and so does ADA price. ## Why don’t delegators delegate to Small pools? ### #They don’t know any small pools It is very hard to find small pool using a Daedalus or Yoroi wallet, most delegators only delegate to pools they see on the 1st row of the  ranking ​ https://preview.redd.it/woezd6ky0fv51.png?width=1600&format=png&auto=webp&s=73bb6d507270c090e28dfe89223a00ab370adf4e ### #Fear of getting lower rewards If a pool doesn’t mint a block, delegators don’t get rewards, it is as simple as that. So why would delegators risk delegating to small pools? This is a common misconception, rewards average out, the rewards for staking ADA have been set for approximately 4-6% per year (Return on Stake, or ROS). Large pools find more blocks than smaller pools and tend to pay out more consistent rewards. Ex: Across three epochs, a large pool may payout 5%, 4.9%, and 5.1% ROS Small pools, on the other end, will have much more variation in the number of blocks they produce per epoch, and so their rewards will vary significantly. Ex: Across three epochs, a small pool may payout 5.5%, 9.5%, and 0% ROS, but over time the rewards will a...
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