Proof of stake: Difference between revisions - Wikipedia
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Line 10: ===Randomized block selection=== Cardano's [https://eprint.iacr.org/2016/889.pdf Ouroboros] Proof of Stake (PoS) algorithm is the first to be proven mathematically secure, and the first to have gone through the peer-review process via its acceptance to Crypto 2017, the leading cryptography conference. The level of security demonstrated by Ouroboros is comparable to that of Bitcoin's PoW protocol, which has never been compromised. The Cardano blockhain was developed with functional [https://www.haskell.org/ Haskell] programming, formal methods and third-party security audits to create a high assurance code. Cardano's research is available in over 60 [https://www.cardano.org/en/academic-papers/ peer-reviewed whitepapers]. While the ambitious project has met with some delays, technological innovations such as [https://iohk.io/en/research/library/papers/the-extended-utxo-model/ Extended UTXO] and [https://eprint.iacr.org/2020/299.pdf Hydra] are significant achievements and indicative of a scientific, research-first methodolgy.
===Coin age-based selection=== |