ITEM Systems bringing interactive scavenger hunt to Consensus 2024
ITEM Systems is set to bring a guerrilla-style activation to Consensus 2024, being held May 29 through 31 in Austin, Texas. This...
The post ITEM Systems bringing interactive scavenger hunt to Consensus 2024 appeared first on Neo News Today.
ITEM Systems is set to bring a guerrilla-style activation to Consensus 2024, being held May 29 through 31 in Austin, Texas. This...
The post ITEM Systems bringing interactive scavenger hunt to Consensus 2024 appeared first on Neo News Today.
Cardano uses a variation of the Nakamoto consensus called Ouroboros. It is a Proof-of-Stake (PoS) consensus that uses the underlying principles invented by Satoshi Nakamoto for Bitcoin. Ouroboros is designed to provide similar security guarantees as Proof-of-Work (PoW) while being more energy-efficient. In the article, we will explain the basic principles of the Nakamoto consensus and highlight the differences between PoW and PoS. The focus will be on the principles and underlying mechanisms.