1/ Minotaur protocol can combine Proof of Work, Proof of Stake, Proof of Storage... in one cryptocurrency.
For what? 👇🧵
#Cardano #ada $ada #crypto #Cryptocurrency
For what? 👇🧵
#Cardano #ada $ada #crypto #Cryptocurrency
2/ Work, stake, storage… are resources that “proof protocols” rely on for security.
Besides security, each resource is also best suited for different use cases.
Besides security, each resource is also best suited for different use cases.
3/ For example, Proof of Stake is good about voting, decision-making, and delegation of authority.
Proof of Work is good about aggregating large amounts of computation.
And Proof of Storage is very good about creating a network of storage.
Proof of Work is good about aggregating large amounts of computation.
And Proof of Storage is very good about creating a network of storage.
4/ By sticking to a single type of resource for security, a cryptocurrency may limit its use cases.
Minotaur is a *multi-resource* consensus protocol.
It allows a single cryptocurrency to incentivize the development of *different resources* that the network can use.
Minotaur is a *multi-resource* consensus protocol.
It allows a single cryptocurrency to incentivize the development of *different resources* that the network can use.
5/ Minotaur is being explored by IOG for the future Cardano agenda.
Is this a bad place to show my NFT project?🙃
https://twitter.com/BloomyArt/status/1540980997583294466?s=20&t=IQ12Olyq_J_LWqYfvfmSlQ
Don't miss these threads:
https://twitter.com/CardanoNOW/status/1537162969951240192?s=20&t=IQ12Olyq_J_LWqYfvfmSlQ
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