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by exdsq 1639 days ago
What's wrong with Cardanos consensus protocol as an L1?
1 comments

There isn’t a Cardanos consensus protocol per se: there are a family of them under the umbrella term “Ourobouros”. In production it’s the BFT variant which is sort of a warmed over tendermint or algorand.

The more ambitious variants are very mathematically rigorous but axiomatize a wall-clock oracle, as well as in some cases mathematically-interesting but practically absurd assumptions about synchronicity.

Hoff has deployed his private fortune doing (among other, uh, things) serious research on distributed Byzantine consensus.

If they’ve got it nailed down I missed the paper.