Curated from: forum.cardano.org
Ideas, facts & insights covering these topics:
4 ideas
·487 reads
2
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
There are two most common types of consensus protocols, proof of work (PoW) and proof of stake (PoS). A consensus protocol has a few main functions; selecting a block producer, validating the block is correct, and rewarding the block producer. The biggest difference between PoW with Bitcoin and PoS with Cardano is how the block producer is selected.
PoW is based on a physical resource, which requires hardware machines such as ASIC.
PoS is based on a virtual resource. Cardano uses their native token, ADA, to assign which stake pool gets to produce the blocks in the blockchain.
17
297 reads
15
92 reads
Bitcoin is one of the most secure protocols but what makes it incredibly secure is the physical resources and energy consumption required to take over the network. To distort and manipulate the blockchain, an attacker requires having the majority control of the hashing power. Security comes at a cost and the energy consumption will increase over time as the Bitcoin network grows.
But what if you can have your cake and eat it too? Use a fraction of the energy consumption with the same level of security.
16
38 reads
To distort Cardano’s network you would need to control the majority ada. Below is a calculation of the amount of money required to have majority control of Cardano’s network.
Cardano’s protocol goes through a rigorous peer-reviewed process.
16
60 reads
IDEAS CURATED BY
Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Related collections
Similar ideas
6 ideas
Proof of Work vs Proof of Stake: Basic Mining Guide
blockgeeks.com
6 ideas
How Does Blockchain Security Work, Anyway?
hackernoon.com
7 ideas
What is Solana?
limechain.tech
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates