This is a thread I really hope people take the time to read. Cardano Ouroboros Peras is basically the best of both worlds, it combines the stability of Nakamoto-style consensus with the fast finality you normally see in BFT systems. Even with the recent bug in a specific cardano-node version, the network kept producing blocks without issues and recovered just fine. That’s exactly why Solana’s founder, Toly, pointed out how hard it is to build a proper Nakamoto based consensus and why he openly praised Cardano’s design. On top of that, Peras givesyou fast partial finality, which makes things like pre confirmation features possible. In short, it integrates the primary strengths of both Nakamoto consensus and BFT systems, mitigating the inherent limitations of each approach.
How fast can public blockchains be? Throughput (TPS) matters, but finality also matters! What is "finality" though, and how is it getting better 🤔 Keywords: ・Ouroboros Peras (and Leios) ・MEV/preconfirmations ・AVS/EigenLayer & Mithtril ・Cardano, Algorand, Ethereum
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