In Cardano, the consensus algorithm is called Ouroboros, and it’s how the network agrees on which transactions to add to the blockchain and how new blocks are created. A consensus algorithm is important because it ensures that everyone in the network agrees on the state of the blockchain without needing a central authority, keeping the…

Off-chain processing on Cardano refers to processes or activities that happen outside the main Cardano blockchain but are still connected to it. These off-chain activities help improve the efficiency, scalability, and functionality of the network without putting too much load on the main blockchain. Here’s how off-chain works on Cardano: Key Concepts of Off-chain Processing…

Stake pools in Cardano are specialized servers or groups of participants that are responsible for processing transactions and producing new blocks on the blockchain. They are a key component of Cardano’s Proof-of-Stake (PoS) system, enabling decentralization and ensuring the network remains secure and efficient. Here’s a detailed explanation of stake pools and their role within…

Ouroboros is the Proof-of-Stake (PoS) protocol developed by IOHK (Input Output Hong Kong) for the Cardano blockchain. It is the first PoS protocol to be mathematically proven secure and is a key component of Cardano’s design, enabling the network to achieve decentralization, security, and scalability. Here’s how Ouroboros works and what makes it unique: In…

The Proof-of-Stake (PoS) protocol in Cardano is called Ouroboros, and it’s a critical component of how the Cardano blockchain operates. Ouroboros is designed to be secure, scalable, and energy-efficient, providing the foundation for Cardano’s decentralized network. Here’s how it works and why it’s important: Key Concepts of Ouroboros in Cardano How Ouroboros Differs from Other…