Ouroboros is the consensus protocol for #Cardano, the first provably secure proof-of-stake protocol, and the first blockchain protocol based on peer-reviewed research.
🧵1/n
Combining unique technology and mathematically verified processes, Ouroboros guarantees and supports the security and sustainability of any blockchain implementing it.
🧵2/n
The result is a protocol with proven security guarantees, able to facilitate the propagation of global, permissionless networks with minimal energy requirements.
🧵3/n
In this thread, we look at the different ‘flavors’ of Ouroboros and how it continues to evolve over time.
🧵4/n
🤔But first, why is it called Ouroboros and how is it different from other consensus protocols out there?
🧵5/n
Ouroboros comes in different versions. It all began with Ouroboros Classic 🌿deployed on Cardano in 2017. This laid the foundations.
🧵6/n
Ouroboros BFT came next. Deployed on #Cardano in May 2020, it helped prepare Cardano’s network for Shelley’s release and, with that, its decentralization. BFT served as a transition point from Classic to Praos.
🧵7/n
Ouroboros Praos was deployed on Cardano in 2020 introducing decentralized block production, stake pools support, incentives 🍬 and enhanced security properties 🛡️
🧵8/n
The next evolutionary step in our journey is the deployment of Ouroboros Genesis. Development is currently in progress for #Cardano deployment in 2022.
🧵9/n
Ouroboros Crypsinous equips Genesis with privacy-preserving properties🔐 Crypsinous isn’t currently planned to be implemented on Cardano, but it can be used by other chains for increased privacy settings.
🧵10/n
⌛The research in the Chronos paper demonstrates how you can dramatically boost the resilience of critical telecommunications, transport & other IT infrastructures that require the synchronization of local time to a unified network clock that has no single point of failure
🧵11/n
Finally, Ouroboros Leios puts forth the concept of input endorsers. It implements a number of related accompanying innovations to optimize the throughput of the consensus protocol.
⭐ OUT NOW: Daedalus 6.0.1 for mainnet, preprod & preview.
The Daedalus 6.0.1 release upgrades to node 9.1.1 to fix the ledger replay issue in the Conway era. This update ensures that nodes no longer replay from genesis but instead replay as expected.
⚠️It is mandatory for all #Daedalus users to upgrade to this version. 1/🧵
⚠️Note that if you have already experienced this issue, your Daedalus will likely replay the ledger state from genesis (0%), so you may see longer synchronization times.
2/🧵
Existing users will get a prompt to update via the Daedalus newsfeed. If you are new to #Daedalus and would like to download this new release, download it ONLY from the official site: 3/ 🧵daedaluswallet.io/en/download/
⭐ OUT NOW: #Daedalus 6.0.0 for mainnet, preprod & preview.
Daedalus 6.0.0 is a mainnet release required to cross the upcoming Chang hard fork and operate in the Conway era.
⚠️It is mandatory for all #Daedalus users to upgrade to this version.
1/🧵
This version upgrades to node 9.1.0, #Cardano wallet v2024-07-27, the dependent Ledger and Trezor hardware wallet libraries, and fixes the #Daedalus auto-update feature to resolve the issue when running Daedalus on Linux with enabled AppArmor reported here:
2/🧵forum.cardano.org/t/installing-d…
⚠️Please note that since this release replays the ledger state from scratch (0%), users may experience longer synchronization times.
Today, we’re delighted to share with you the first two videos in a series which will highlight some of the work of IO’s research division and dive deeper into some of its key papers. 🧵
1/ In this video, Giorgos Panagiotakos, a research fellow at Input Output, delves into scaling throughput and specifically Ouroboros Leios, a new member of the Ouroboros protocol family that achieves near-optimal throughput.
Traditional #blockchain protocols use a leader-based approach for block proposals, but this often results in suboptimal throughput.
Panagiotakos highlights the importance of high throughput for reducing congestion and enabling the efficient operation of layer 2 applications.
Watch now:
2/ The Ouroboros Leios paper is also available for you to read here:
A future video will help outline how fundamental research informs IO’s work and feeds into its prototyping and development work, so stay tuned for that in the near future.iohk.io/en/research/li…
The weekly #Cardano development update is now live.
Check out the key highlights from this week and get the latest on development progress in core technology, wallets and services, smart contracts, scaling and governance.👇 iohk.link/4amLUkk
🔬 CORE TECHNOLOGY: The consensus team worked on cross-era consensus improvements, UTXO-HD functionality, and integrated changes across consensus, ledger, and networking components in preparation for node v.8.10 release.
💳 WALLETS & SERVICES: Lace v.1.9 is here, bringing multi-wallet and multi-account capabilities to @lace_io. Experience unparalleled flexibility and control over your digital assets. Dive into all the details in the latest blog post. iohk.link/49u8Psy
Every Friday, we publish our weekly #Cardano development update. So for the lowdown on what IOG's dev team has been working on last week, head on over and take a look👇 essentialcardano.io/development-up…
🔬 CORE TECHNOLOGY: The networking team improved stability and performance, updated software, and prepared for releases. The consensus team progressed on Genesis design and improved BlockFetch logic while the DB Sync team optimized UTXO query speed and rewards performance.
💳 WALLETS & SERVICES: The team updated vulnerable libraries in #Daedalus and worked on improving the Lace desktop application. The Adrestia team worked on community feedback about Lace and are preparing for the first big cardano-js-sdk and @lace_io update.
1/ #Cardano native tokens are a game-changer for the #blockchain world, enabling innovative use cases and offering unique benefits. Let’s explore the top benefits of Cardano’s native token functionality 🧵. twitter.com/i/web/status/1…
2/ First, here’s a brief refresher on what native tokens are:
3/ Here are some key terms associated with native tokens:
Native: token logic runs directly on Cardano ledger, rather than using smart contracts
Token: the representation of an asset stored on the Cardano blockchain