‘Been Waiting a Long Time For This’, Says Cardano Founder -Breaking
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‘Been Waiting a Long Time For This’, Says Cardano Founder- Charles Hoskinson expressed happiness over the publication of a brand new paper.
- ‘It’s a major piece of work’, says the founder.
- The paper is titled: The Generals’ Scuttlebutt: Byzantine-Resilient Gossip Protocols.
Charles Hoskinson, Cardano founder, shared today’s link to an article and stated that he has waited a long while for this paper to become available.
Hoskinson claimed:
It’s a major piece of work formalizing p2p and discussing how hard in practice getting proof of stake networking right is.
It begins with a statement that peer-to–peer, gossip-style network implementations using blockchain protocols are dependent on numerous ad hoc attack mitigation strategies. This leaves a large gap between the idealized communication layer in blockchain security arguments and reality.
According to the team that wrote the paper, they tried to address the gap by creating a Byzantine resilient network layer for crypto protocols. “For the first time, we quantify the problem of network-layer attacks in the context of blockchain security models, and we develop a design that thwarts resource-restricted adversaries,” reads part of the abstract.
Because of its vulnerability to Denial-of-Service attacks (DoS), we will be focusing on the proof-of-stake environment (as opposed to the proof-of-work) because there is nothing at stake.
Many of Hoskinson’s followers have expressed their happiness at the update. “Congrats Charles. Another exciting scientific exploration for the history books”, says one follower. Meanwhile, another one remarks, “Incredible work Charles and team! Cardano, IOG, and Cardano are really at the cutting edge of our industry’s research. We will all benefit from these innovations as well as others. Great job everyone!”.
I’ve been waiting a long time for this paper to be publicly released. It’s a major piece of work formalizing p2p and discussing how hard in practice getting proof of stake networking right is: https://t.co/dSiNQwNAj5
— Charles Hoskinson (@IOHK_Charles) May 12, 2022
Cardano (ADA), like many coins, has experienced a difficult period. It is showing consistent growth thanks to an increasing TVL, and multiplier wallet numbers. Cardano appears promising, even though it is in a dull phase.
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