Ouroboros: An Eco-Friendly and Safe Consensus for Cardano! 🐍♻️
At the core of Cardano lies the unique and scientifically proven consensus mechanism Ouroboros. This is the first Proof-of-Stake (PoS) protocol that has been formally verified for security.
How it works: Instead of energy-intensive "mining," as in Proof-of-Work, Ouroboros selects ADA holders (stakers) to validate transactions and create new blocks based on the amount of ADA they "stake" (lock) in the network.
Slots and Epochs: Time in the Cardano blockchain is divided into "slots" (seconds) and "epochs" (5 days). In each slot, a "slot leader" is randomly selected, who has the right to create a block.
Security: The Ouroboros protocol is designed to ensure the same or even higher security than Proof-of-Work, but with much lower energy consumption.
Eco-Friendliness: Thanks to PoS, Cardano is significantly more energy-efficient than PoW blockchains, making it attractive for eco-oriented projects.
Ouroboros is one of the key innovations of Cardano, ensuring its scalability, security, and sustainability.
