Cardano Outpaces Bitcoin, Ethereum In Decentralization—But ADA Stuck Below 65 Cents

Cardano (CRYPTO: ADA) has overtaken Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in decentralization metrics, according to new findings from the Edinburgh Decentralization Index.

Cardano Leads Major Networks In Decentralization

The Edinburgh Decentralization Index (EDI) and data from Chainspect show Cardano ranking among the most decentralized blockchains. 

Using the Nakamoto Coefficient, Cardano scores 21, higher than both Bitcoin and Ethereum, with coefficients of just 3 and 2. 

This means their networks rely more heavily on a handful of large mining pools or staking entities, which can raise concerns about control and security.

Chainspect places Cardano near the top of its global ranking, just behind Polkadot (CRYPTO: …

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