Contingent Staking (CS) is like a red rag on a bull for many members of the community. These people are trying to defend the basic principles of public blockchain networks, of which Cardano is clearly one. Opponents believe that KYC required by some SPOs will lead to some principles being violated and Cardano could gradually become a centralized network. The heated debate about Contingent Staking is not so much about the technology as it is about the philosophy of the project and Satoshi’s legacy. If you think about the very basic principles of blockchain technology, you will find that CS does not fundamentally violate any of them. I’ll try to convince you of that.
TLDR
- Contingent Staking mostly interferes with the definition of permissionless, as SPOs requesting delegator’s data become gatekeepers.
- No one can centrally dictate to SPOs how to manage their policies related to delegations. Cardano remains permissionless.
- The delegators’ market demand for non-KYC pools will be stronger than the powers of the authority. The market will influence what kind of pools will emerge.
- Authorities cannot gain control of Cardano through SPOs as control is held by ADA holders.
- Preventing the introduction of a new feature on the basis of ideology or philosophy may lead to a violation of the principle of openness.
- Contingent Staking is designed to be completely trustless.
- We need to be smart in our fight against the current financial world. The CS feature can help us.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/contingent-staking-does-not-violate-any-blockchain-principles