Category: Musings

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…

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…