Charles Hoskinson, the CEO of the technology company that is building Cardano (Input Output Hong Kong, IOHK), has recently stated that “Cardano will be a 100 times more decentralized than Bitcoin”. By saying that, he refers to the fact that Cardano’s system includes monetary incentives to diversify the number of evenly distributed stake pools in the system up to 1000. Hoskinson also implicitly assumes that the 10 largest Bitcoin mining pools control >50% of the network’s total hash rate, meaning Cardano will have a hundred times as many nodes creating blocks on the network. However, is this a fair metric for decentralization? And how does Cardano compare to Bitcoin in other aspects when it comes to network control?