4 ms·
What's wrong with Cardanos consensus protocol as an L1?
by exdsq 5y ago
What's wrong with Cardanos consensus protocol as an L1?
- benreesman 5y agoThere isn’t a Cardanos consensus protocol per se: there are a family of them under the umbrella term “Ourobouros”. In production it’s the BFT variant which is sort of a warmed over tendermint or algorand. The more ambitious variants are very mathematically rigorous but axiomatize a wall-clock oracle, as well as in some cases mathematically-interesting but practically absurd assumptions about synchronicity. Hoff has deployed his private fortune doing (among other, uh, things) serious research on distributed Byzantine consensus. If they’ve got it nailed down I missed the paper.