Cardano is set to implement a major upgrade called Ouroboros Phalanx, developed by Input Output (IOG), which introduces verifiable delay functions (VDFs) to enhance the security and fairness of its proof-of-stake (PoS) consensus mechanism. This update addresses a vulnerability known as „grinding,“ where large stakeholders could manipulate block production odds by testing multiple random sequences. Phalanx ensures that randomness is generated through computationally intensive processes that are tamper-resistant and verifiable, making such manipulation mathematically unviable. The upgrade will also bring efficiency gains, including faster transactions and improved network decentralization, though it will require a hard fork to become a permanent part of Cardano’s protocol. This marks another step in Cardano’s evolution toward a more secure, resilient, and mathematically verifiable blockchain infrastructure.
tungfa on
oh boy … they are still looking for a use case ey, been years no ; )
Danmatus-1991 on
People still own Cardano?
never_safe_for_life on
Man, not a single rabid Cardano defender. Used to be a time they would descend upon you like a swarm of flies.
light_death-note on
🥱
jwz9904 on
Why does cardano need to be fast?
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**Summary:**
Cardano is set to implement a major upgrade called Ouroboros Phalanx, developed by Input Output (IOG), which introduces verifiable delay functions (VDFs) to enhance the security and fairness of its proof-of-stake (PoS) consensus mechanism. This update addresses a vulnerability known as „grinding,“ where large stakeholders could manipulate block production odds by testing multiple random sequences. Phalanx ensures that randomness is generated through computationally intensive processes that are tamper-resistant and verifiable, making such manipulation mathematically unviable. The upgrade will also bring efficiency gains, including faster transactions and improved network decentralization, though it will require a hard fork to become a permanent part of Cardano’s protocol. This marks another step in Cardano’s evolution toward a more secure, resilient, and mathematically verifiable blockchain infrastructure.
oh boy … they are still looking for a use case ey, been years no ; )
People still own Cardano?
Man, not a single rabid Cardano defender. Used to be a time they would descend upon you like a swarm of flies.
🥱
Why does cardano need to be fast?