47
votes
Accepted
How Cardano is different from Ethereum (2.0)?
TL;DR:
Research-led design (102 academic papers to-date)
eUTXO transaction model (vs. Ethereum's account-based models)
Formal verification (related to 1.)
Functional-language-based (Haskell-based) ...
- 786
12
votes
Accepted
Why is PoS much faster than PoW?
I would not say that PoS is faster per se, but you have to carefully balance PoW challenges in order to avoid single entities or groups to dominate the blockchain with huge computing powers. This ...
- 373
8
votes
Accepted
How is new ADA created?
All ADA has already been minted. Technically it was all minted in the first block. The stake pool payouts come from the reserves and transaction fees.
- 1,752
5
votes
Where can I find formal work comparing PoS and PoW models?
There are many variations on proof of work and proof of stake. It is unlikely that there will be a formal comparison of these broad concepts.
The closest you are likely to find are informal ...
- 1,945
5
votes
How can I receive, earn or stake Cardano without buying it on an exchange first?
Offer a service which people with ADA are willing to pay for.
- 230
3
votes
How Cardano is different from Ethereum (2.0)?
I think ETH, no matter how and what it builds will be inferior to Cardano in many ways! Some of the core underlying reasons for that are:
ETH is an Account model vs Cardano's Extended UTXO model
ETH ...
- 161
3
votes
How can I receive, earn or stake Cardano without buying it on an exchange first?
Cardano is a Proof-of-Stake system. The only way to get staking rewards is to own ADA and to stake it.
Given the lack of traditional mining in the Cardano ecosystem, is there an alternative way to ...
- 2,415
2
votes
Where can I find formal work comparing PoS and PoW models?
I don't think this is by any means a complete answer however I know that IOG has a number of papers going into the formal properties of various consensus algorithms. Here are some papers that do ...
- 351
2
votes
Where can I find formal work comparing PoS and PoW models?
This article contains some references to more "technical" papers, although I agree with the general view that a more formal comparison is required:
Consensus Mechanisms Explained: PoW vs. ...
- 121
1
vote
Why is PoS much faster than PoW?
To find a rare hash (for example, as in block 707750) using the brute force method is incomparably more difficult than choosing a validator according to a certain algorithm. That is why blocks in ...
- 1,777
1
vote
How Cardano is different from Ethereum (2.0)?
The staking experience for the end user is completely different as well. Staking on Cardano is a well thought out and planned activity, rather than an after thought of patched together services. So ...
- 136
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