Cardano Founder Reacts to Cardano Security Sustainability Survey

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Cardano founder pointed out compelling statistic from Bitcoin network

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The first choice was the 2% inflation of ADA rewards, like other blockchains such as Ethereum, Dogecoin and Solana. The second was"20% of the inflation-generated revenue from staking other or partner chains." 75 percent of all revenue from mining Bitcoin blocks comes from transaction fees, not block inflation. There are there going to be millions of transactions being processed from using Cardano and those fund the block producers.Twenty percent of respondents went for the first option, while 35.3% of respondents chose the second option. Meanwhile, a larger percentage of respondents were indecisive and went for the option"show results.

This model aligns with the broader shift in the crypto industry toward transaction fee-based revenue models, which are seen as more sustainable in the long term compared to reliance on block rewards.In response, McCracken, the Cardano community member who initiated the poll, agreed with Hoskinson's point of view, adding that one issue that needed to be addressed was the throughput and number of users required to achieve sustainability.

Source: Digital Coin News (digitalcoinnews.net)

 

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