In the latest episode of Essential Cardano360, Input Output Global (IOG) shared exciting developments regarding its groundbreaking consensus mechanism, Ouroboros Leios.
This advancement could significantly elevate Cardano’s reputation, positioning it as a top blockchain network renowned for its speed.
Brian Bush, IOG’s Senior Prototyping Engineer, took the stage to discuss the complex operations that could fuel the next chapter in Cardano’s evolution.
New Block Types
Bush detailed how Ouroboros Leios introduces two new types of blocks alongside the existing Ouroboros Praos blocks, a change aimed at dramatically increasing transaction throughput.
He introduced the first new type, “input blocks,” which are designed to accommodate rapid transactions—some even able to occur every few seconds.
These input blocks work in conjunction with what are called “endorser blocks,” which act as a verification system within the network.
Bush described this structure as a well-organized hierarchy that enables the secure aggregation of multiple transactions.
Input blocks are packed together and validated through a voting process among network nodes, establishing a solid reference point linked to the Praos block.
Ouroboros Leios Potential
Bush expressed enthusiasm about the potential impact of Ouroboros Leios, particularly its promise to boost Cardano’s scalability in the blockchain arena.
While results will depend on ongoing assessments, he noted that Cardano may be on track to achieve the fastest Nakamoto-style consensus in the industry, solidifying its position as one of the swiftest blockchain platforms available.
This progress, he remarked, would ease developers’ concerns about transaction speeds on the Cardano platform.
In a recent Ask Me Anything (AMA) session, Charles Hoskinson, the founder of Cardano, further elaborated on these innovations and outlined the strategic roadmap for upcoming protocol upgrades.
He reaffirmed the team’s dedication to accelerating the development of Ouroboros Leios, framing the intensity of their efforts as unprecedented in the cryptocurrency space.
Collaborative Development
Hoskinson stressed that this round-the-clock development initiative would rely on multiple teams working collaboratively and diligently.
This approach underscores Cardano’s serious commitment to emerging as a leading speed contender in the cryptocurrency ecosystem.
In addition to Ouroboros Leios, he highlighted related projects like Midgard and rollup solutions, which are vital for constructing a dynamic Layer 2 ecosystem.
He believes these advancements will outshine those of Ethereum, thanks to the unique security features offered by extended UTXOs.
As of the latest update, ADA’s trading value stood at $0.7756.
Source: Bitcoinist
