No, ADA tokens that were allegedly ‘pre-mined’ by Cardano’s key early entities pose no threat to its sustainability
Cardano (ADA) ecosystem veteran Cardanians shared a detailed post about the role of early (“pre-mining”) ADA supply in the early development of the blockchain ecosystem.
Cardano (ADA) community should not worry about ADA pre-mined supply
In a new longread, representatives of the Cardanians staking pool explained that “pre-mined” ADA coins should be neither interpreted as a centralization instrument nor as a threat to Cardano’s (ADA) sustainability.
According to this text, even bitcoin (BTC), introduced 14 years ago, was not decentralized from the start. The first mining rewards were controlled by a small group of enthusiasts.
At the same time, it was necessary to launch a new blockchain and keep it secure. Even nowadays, a monstrous amount of Bitcoins (BTC) is still stored in a so-called “Satoshi wallet.”
More than 1.12 million bitcoins (BTC) are stored in this wallet; However, this does not expose the bitcoin (BTC) network or its mining ecosystem to the threat of centralization.
Migration to PoS made Cardano (ADA) fully decentralized
Not unlike with early Bitcoiners, initially, the ADA supply was controlled by three entities — IOHK (now IOG), Emurgo and the Cardano Foundation.
At the same time, when Cardano[एडीए]proof-of-stake[पीओएस]shifted to consensus, this kind of centralized distribution helped Cardano[एडीए]The current state of decentralization ceased to affect.
As covered by U.Today previously, Cardano (ADA) remains among the most popular proof-of-stake (PoS) ecosystems. Prior to the Merge activation by Ethereum (ETH), it had been the largest PoS chain.
