With smart contracts on the horizon, I have always wondered what is in Cardano PoS consensus mechanism that will bat against possible large interest groups with big funds to just make multiple staking pools and validators, leading to centralization down the line among those big players with larger stakes?
Edit: a member answered with this IOHK article; much appreciated
“When registering a pool, the pool operator can decide to ‘pledge’ some of his personal stake to the pool. Pledging more will slightly increase the potential rewards of his pool.
This means that pools whose operators have pledged a lot of stake will be a little bit more attractive. So, if an attacker wants to create dozens of pools, he will have to split his personal stake into many parts, making all of his many pools less attractive, thereby causing people to delegate to pools run by honest stakeholders instead.
In other words, an attacker who creates a large number of pools will have to spread himself too thinly. He can’t make all of his many pools attractive, because he has to split his stake into too many parts. Honest pool operators will bundle all their personal stake into their one pool, thus having a much better chance of attracting members.”
Very excited to show off our functional v1.0 prototype. In this video, we show the Architecture framework and a display of 5 data providers sending to 1 oracle contract, aggregating, and reaching cons...