Tag: PoW

  • Cardano (ADA) Ouroboros not a DPoS Consensus Algorithm, But a PoS

    Cardano (ADA) Ouroboros not a DPoS Consensus Algorithm, But a PoS

    ​So far, many people tend to get the fact that Cardano (ADA) Ouroboros is a DPoS (Delegated Proof-of-Stake​) algorithm wrong. For starters, the Proof of Stake (PoS) Consensus algorithm​ was created to ease the massive energy consumption issue in Proof-of-Work consensus, such as that of Bitcoin. Research has demonstrated that energy consumption in Bitcoin mining…