In February 2020, Cardano co-founder and IOHK CEO Charles Hoskinson made a bold claim. He stated that Cardano (ADA) would one day become the most decentralized cryptocurrency in the world. Hoskinson believed that upgrades to the Cardano network could make it between 50 and 100 times more decentralized than Bitcoin (BTC). Hoskinson’s assertions are not surprising; Cardano has been a hot topic for a while now. Analysts view it as one of the few digital assets capable of challenging Bitcoin’s dominance of the crypto space. Would greater decentralization make Cardano more attractive to crypto users? And would it increase ADA’s value and influence in the cryptoverse? To answer these questions let’s do a Cardano vs Bitcoin comparison with regard to their decentralization. But we first need to understand decentralization and why it is essential in crypto. What Is Decentralization? Simply put, decentralization means moving control and decision-making from a central entity to a distributed network. Decentralization brings inclusivity, transparency, security, and greater control of information or assets. It also provides a trustless environment, improves data reconciliation, reduces points of weakness in a system, and optimizes the distribution of resources. In a nutshell, the more decentralized a crypto network is, the better it is. Is Cardano More Decentralized Than Bitcoin? Many industry observers have echoed Charles Hoskinson’s asse...
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