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Coinpedia 2024-05-21 10:49:30

Cardano Criticized for Centralization Claims

The post Cardano Criticized for Centralization Claims appeared first on Coinpedia Fintech News A well-known crypto analyst, Justin Bon, has recently sparked controversy by claiming that Cardano (ADA) is ‘extremely centralized’ and urgently needs reform. He argued that the control mechanisms within Cardano’s protocol grant IOG (Input Output Global) excessive power. According to Bon, the ‘genesis keys,’ where IOG controls five out of seven keys in Cardano, allow …

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