The Ouroboros academic paper outlines the Proof-of-Stake (PoS) mechanism that is powering Cardano (ADA).
Cardano’s Ouroboros Goes On Top
Critics of Cardano project keep digging for reasons to back their points, but the developments recorded in the ecosystem over the past months speak volumes.
The number of citations accrued by Cardano’s Ouroboros academic paper as published by Google Scholar, speaks a lot about the academic and scientific strength of Cardano.
The academic paper written by Aggelos Kiayias, the chief scientist at IOHK, is titled, “Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol.”
The paper found itself among a selection of the most cited papers from ACM CCS, IEEE Security & Privacy, NDSS, Usenix Security, Crypto, and Eurocrypt between the years 2015 and 2019.
In order to come out with a fair ranking, the papers were grouped into five different categories such as cryptography, cryptocurrencies and blockchain, machine learning security and privacy, architecture, and side-channel attacks, coupled with real-world attacks and case studies.
The Cardano’s Ouroboros paper was grouped under “cryptocurrencies and blockchain” category. Actually, Ouroboros paper is not the first academic paper to propose an alternative to the proof-of-work (PoW)’s huge energy demands, but it’s the first paper to present PoS with rigorous security guarantees.
Ouroboros also presented a new mechanism enabled by proof-of-stake, which has to do with rewards for incentivizing honest behavior on the network. All these could have led to the paper accruing as much as 183 citations, as revealed by Google Scholar.
The paper that outranked Ouroboros is titled, “Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts”. This paper presented a decentralized smart contract system with none of its financial transactions stored on blockchain.
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