How does the consensus mechanism of Fantom compare to that of Cardano in terms of security and decentralization?
1231Aug 02, 2020 · 5 years ago1 answers
Can you provide a detailed comparison of the consensus mechanism used by Fantom and Cardano in terms of their security and decentralization? How do they differ in terms of ensuring the safety of transactions and preventing centralization?
1 answers
- Reuben MarguliesMay 05, 2024 · a year agoThe consensus mechanisms of Fantom and Cardano differ in terms of their approach to security and decentralization. Fantom utilizes a DAG-based protocol called Lachesis, which combines aBFT and PoS to achieve consensus. This allows for fast and scalable transactions while maintaining security and decentralization. On the other hand, Cardano uses a PoS-based consensus mechanism called Ouroboros, which also prioritizes security and decentralization. By dividing the network into epochs and allowing stake pool operators to validate transactions, Cardano ensures that no single entity can control the network. Both Fantom and Cardano have implemented innovative consensus mechanisms to ensure the security and decentralization of their respective networks.
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