Ada vs The World, Chapter 1: Bitcoin, Cardano (Ada), and Ethereum Consensus Mechanisms Review

A blockchain is only as strong as its weakest link. The truth is, all distributed ledger technologies are dependant upon consensus mechanisms for their security. Bitcoin is the standard that started a revolution, but it isn’t without one major pitfall that many people seem to overlook. In this installment, we review proof of work vs proof of stake on a nuts-and-bolts level, reviewing Cardano (Ada) and Bitcoin as model systems. Does Cardano’s Ouroboros truly provide the needed solution to secure the future of cryptocurrency? And whatever happened to Ethereum and Casper? This is the deep dive Cardano review you’ve been searching for! Give this one a watch, and stay tuned to this channel for crypto news, opinion, and reviews.

From the video:

Real Vision Finance Interview with Roy Sebag: https://www.youtube.com/watch?v=kim-6HGEc0w

Paper by Ethereum Foundation that Specifies Casper: https://arxiv.org/pdf/1710.09437.pdf

Attributions:

The picture of the Nanny Goat (used at around 2’30”) was kindly provided by Matthew Somorjay: https://www.flickr.com/people/somorjay/

Additional resources were used under an Attribution 3.0 license:

Goat Bleat Sound (used at around 2’38”) is by Mike Koenig: http://soundbible.com/821-Bleat.html
Checkout Scanner Beep Sound (used at around 17’40”) is also by Mike Koenig: http://soundbible.com/819-Checkout-Scanner-Beep.html
Red Stag Roar Sound (used at around 17’47”) is by Juan Carlos: http://soundbible.com/2073-Red-Stag-Roar.html

Resources used under a presumption of fair use:

Mike Meyers as Dr. Evil in Austin Powers: The Spy Who Shagged Me (appearing at 15’58) is distributed by New Line Cinema.

Ada vs The World, Chapter 1: Bitcoin, Cardano (Ada), and Ethereum Consensus Mechanisms Review

Related Post:

About The Author

Kane Dane