[Cardano’s Ouroboros Genesis: Dynamic availability and input endorsement drive TPS 100x]
The Cardano Ouroboros protocol developed by Charles Hoskinson and Input Output Global (IOHK) is not just a blockchain consensus mechanism, but an innovative protocol that brings proof security. This academic, peer-reviewed system breaks with convention to deliver unparalleled decentralization, scalability and energy efficiency, and promises to increase Cardano’s transaction speeds, cementing its position as a cryptocurrency powerhouse.
The excellence of Ouroboros is that it supports truly decentralized dynamic availability, allowing participants to join Cardano without relying on centralized checkpoints, thus opening it up to a wider user base. This is not only a big step in Cardano’s journey towards decentralization, but also enhances the network’s openness and resistance to the risks of centralization.
The introduction of input endorsers further strengthens consensus and security, ensuring that only valid and legitimate transactions are recorded, thereby enhancing Cardano’s reputation as a safe and reliable platform. In addition, Cardano plans to increase transaction processing speed to 100 times through Ouroboros, solving the scalability challenges faced by the industry and making it stand out in the competition for fast and efficient transaction processing.
On the market front, Cardano has experienced price volatility recently, falling 2.74% in 24 hours to trade at $0.4897, and its market capitalization has also declined. Price movements reflect cyclical trends in trader behavior. According to IntoTheBlock data, approximately 44.99% of ADA holders are in profit, while 52.15% are facing losses, showing the dynamic changes in the market.
