Logo
Cardano Ecosystem

Cexplorer

12/13/2023

·

99 views


Understanding the Nakamoto Consensus

Cardano uses a variation of the Nakamoto consensus called Ouroboros.

Understanding the Nakamoto Consensus

Cardano uses a variation of the Nakamoto consensus called Ouroboros. It is a Proof-of-Stake (PoS) consensus that uses the underlying principles invented by Satoshi Nakamoto for Bitcoin. 

Ouroboros is designed to provide similar security guarantees as Proof-of-Work (PoW) while being more energy-efficient. In the article, we will explain the basic principles of the Nakamoto consensus and highlight the differences between PoW and PoS. 

The focus will be on the principles and underlying mechanisms. The Nakamoto consensus The Nakamoto Consensus was invented by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. It is a solution to the Byzantine Generals Problem, which asks if it’s possible to achieve consensus in a distributed network of independent nodes. 

Ouroboros is designed to pr Read article: Understanding the Nakamoto Consensus

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Cexplorer

ORIGINAL SOURCE

https://cexplorer.io/article/understandi...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Cexplorer

See more
Legacy is Eating Crypto
Cexplorer
Legacy is Eating Crypto

02/25/2024

·

34 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)