Amid the growing debate about sustainability in the world of cryptocurrencies, a voice stands out in the Cardano community. Patrick Tobler, CEO of NMKR, proposes a strategy focused on increasing the number of transactions on the Cardano network as a means of ensuring the financial sustainability of the blockchain.
This proposal emerges at a critical moment for the platform, standing out as a crucial point for its future. At the time of publication, the cardano price it was quoted at US$0,6269 with a drop of 3% in the last 24 hours.
Tobler argues that a drop in the profitability of staking pools could have negative consequences for Cardano. In his words, replacing staking rewards, currently coming from the treasury, with transaction fees, would mark a significant step towards sustainability. He appeals to the Cardano community, encouraging them to actively engage in actions that can increase the number of transactions carried out on the network.
We need to massively increase the amount of transactions on Cardano to keep the chain sustainable.
Once running stake pools isn't worth it anymore, we're in trouble.
And we're approaching it quickly.
The only solution is to replace the staking rewards coming from the… https://t.co/jlb4HI4oZu
— Patrick Tobler (@Padierfind) March 30, 2024
Opposing Tobler's view, Charles Hoskinson, founder of Cardano, maintains that the platform's sustainability is not limited to just the volume of transactions. Hoskinson identifies three fundamental pillars for Cardano's economic stability: formation of partnerships, increase in transaction volume, and appreciation in the value of ADA. Despite their differences, both recognize the importance of increasing transactions within the ecosystem.
Reinforcing his position, Tobler cites a previous analysis by Monad Alexander, an influential member of the Cardano community, who already warned about the need for more transactions to guarantee the financial viability and stability of the network. Despite recognizing the importance of these measures, Hoskinson highlights that the priority should be to improve decentralized governance, the effective functioning of the treasury and the activation of partner chains.
The reward rate for staking on Cardano was 2,97% in the last survey, a number considered unsatisfactory by Tobler and other members of the community, who see it as a discouraging factor for participating in the network.
