Cardano introduces Smash, a new open-source stake pool metadata aggregation server ๐จ This article is 4 years old...
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Cardano introduces Smash, a new open-source stake pool metadata aggregation server
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Updated: Nov. 24, 2020 at 5:27 pm UTC
IOHK, the company behind Cardano, has introduced Smashโa new metadata framework that will act as a better and more accurate source of stake pool information. Smash is a server that can aggregate, fetch, and store stake pool metadata such as owner details, pool name, and homepage. As the server code is open-source and can be deployed by anyone, IOHK said that it hopes Smash will be completely adopted by the community at some point in the future.
A better way to aggregate and store stake pool metadata on Cardano
To address the needs of the growing staking ecosystem on Cardano, IOHK introduced a new open-source stake pool metadata aggregation server. The server, called Smash, was unveiled earlier today in a blog post, with IOHK noting that itโs just the latest in the many steps the company has taken towards decentralization.
The company said that stake pool metadata, which includes things like owner details, pool name, pool tickers, homepages, and pool descriptions, is something ADA holders need to have easy access to so they can make informed decisions about who to delegate their funds to.
Previously, all of this off-chain data was fetched by the Daedalus wallet from each stake pool separately, requiring a lot of network connections and impacting the walletโs overall performance.
The newly released Smash will now host all of this data on a single server, significantly simplifying the process of aggregating, fetching, and storing information about stake pools.
An open-source server designed for the community
Aside from ensuring that all of the stake pools registered on the Cardano network are valid, Smash will also help avoid duplicated ticker names and trademarks, as well as ensure that they donโt feature offensive content of content that violates certain guidelines.
โGiven that scams, trolls, and abusive behavior are an unfortunate part of life online, we had to find a way of filtering potentially problematic actors out of the playing field.โ
According to IOHK, the Smash server will initially be run by a designated team within the company. However, IOHK specifically designed Smash to be open-source in a bid to make it more interesting to the Cardano community. In their blog post, IOHK explained that Smash will have the most impact on Daedalus, as it will bring about the ability to customize. The Daedalus wallet will allow users to configure a custom serverโe.g. a server that only displays charity stake pools or stake pools from a particular region or country.
The company said that it hopes that the Smash approach will be adopted by the community for decentralized metadata.
Cardano Market Data
At the time of press 5:27 pm UTC on Nov. 24, 2020, Cardano is ranked #8 by market cap and the price is up 10.78% over the past 24 hours. Cardano has a market capitalization of $5.2 billion with a 24-hour trading volume of $2.8 billion. Learn more about Cardano ›
Crypto Market Summary
At the time of press 5:27 pm UTC on Nov. 24, 2020, the total crypto market is valued at at $578.97 billion with a 24-hour volume of $277.49 billion. Bitcoin dominance is currently at 61.67%. Learn more about the crypto market ›
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Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Input Output
Input Output Hong Kong (IOHK) is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.
Daedalus is a wallet, developed by IOHK which will allow you to store Cardano (ADA) cryptocurrency.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.
