Cardano founder to unveil vision for Cardano in pivotal keynote address
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This week, Prof. Aggelos Kiayias, Input Output Global's Chief Scientist, documented 11 blockchain tenets that aim to provide a complete overview of how blockchain systems should operate and interact with their users and contributors. Tenet one is that transactions cannot be slowed down or censored and will expediently serve their intended purpose. Two, the cost of a transaction should be predictable and cannot be unreasonable. Three, no one should be prevented from developing and deploying their application as they intended it. Fourth, everyone’s inputs and contributions to the system will be recognized, recorded, processed and assessed fairly.
IOG also unveiled Ouroboros Peras this week, an extension of the Ouroboros Praos protocol that will address the problem of transactions’ settlement horizon, that is, the point in time when the probability of a transaction being reverted becomes negligible.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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