Tag: PoW
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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…