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Musings

Cardano Global Adoption

At ADAvault we use Cloudflare for DDoS protection and CDN caching. An interesting byproduct of this that we get data for use of the Daedalus wallet access on a per country basis. This is because the wallet checks the json files on our site for data on the ADV stake pool, and therefore this gives…

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Musings

PoS versus PoW (2/2)

In the first part of this post we examined how the properties of Bitcoin, which enabled it to bootstrap the cryptocurrency ecosystem in 2009, became a problem as it scaled to millions of users with a network value of billions of dollars. Primarily use of the Proof of Work (PoW) protocol which leads to: Excessive…

Categories
Musings

PoS versus PoW

One of the significant benefits of Cardano is that it relies on Proof of Stake (PoS) to secure the chain rather than Proof of Work (PoW). Why is this a better method? Elliot Hill from the Cardano Foundation recently explored the history of PoS versus PoW in an excellent forum post: Consensus mechanisms are essential…