- Cardano recently published a foundational research overview that explored its core research papers.
- The research papers reportedly laid the foundation for today’s Cardano network.
- The papers revolve around Cardano’s proof-of-stake consensus protocol and its stake pools.
Cardano, one of the leading blockchains in the world, recently published a foundational research overview taking a closer look at the research underpinning its network. This included two key research papers that set the foundations of Cardano, namely Ouroboros and Delegations and Stake Pools.
According to a blog post on Cardano’s official website, both the research papers compiled by Cardano’s developer Input Output Global (IOG) have been peer-reviewed and accepted at leading academic conferences. As a matter of fact, the Ouroboros paper has reportedly been cited more than 1,200 times.
Ouroboros was the initial research paper circulated by Input Output to drive Cardano’s research. It was academically peer-reviewed and served as Cardano’s proof of stake consensus protocol. Every Ouroboros update since 2017 has added new functionality for Cardano. It provided security and robustness for the network and brought down the overall energy consumption.
“Ouroboros is a decentralized ledger protocol that is analyzed in the context of both Byzantine and rational behavior. What makes the protocol unique is the combination of such design elements as stake, dynamic availability, trustless setting, and a reward-sharing incentive scheme,” stated Aggelos Kiyias, the Chief Scientist at Input Output Global.
Another research paper explored in Cardano’s blog post pertained to stake delegation. The paper, titled Account Management in Proof of Stake Ledgers, was published in 2020 and revolved around increasing the participation of stakeholders in the maintenance operations of the network.
A different paper titled Reward Sharing Schemes for Stake Pools which came out in 2020, addressed stake pools and ways to incentivize network participation from stakeholders. These papers paved the way for Cardano’s incentive model which established an ecosystem that rewarded active participants which in turn made the network efficient, reliable, and secure.
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