Cardano’s Ouroboros paper dubbed “A Provably Secure Proof of Stake Blockchain Protocol” made it to the most cited security papers list on the Google Scholar platform. The paper outlines the PoS mechanism which underlines Cardano and became the second most cited paper in the cryptocurrencies with 183 citations as we read more in the latest Cardano news today.
Few of the platform’s critic disputed the strong academic underpinnings as most of the Cardano success was attributed to the fast development pace as it took on in the past few months. However, the recent ranking published by Google Scholar which measures the number of citations academic paper in different categories but highlighted Cardano’s scientific and academic roots.
The paper was written by Aggelos Kiayias who is the chief scientist at IOHK and also found itself among a selection of other most cited papers from ACM CCS, IEEE Security and Privacy, Usenix Security, Crypto, and Eurocrypt between 2015 and 2019. Cardano’s Ouroboros paper was grouped into five different categories which include cryptography, blockchain, and cryptocurrencies as well as machine learning security and privacy, architecture, and side-channel attacks as well as real-world case studies.
Group into the crypto and blockchain category, IOHK’s paper got a lot of academic attention. While it was not the first paper to propose a proof of stake as an alternative to proof of work and its huge energy demands, it was the first paper to present PoS with rigorous security guarantees. Ouroboros presented another novel mechanism enabled by proof of stake rewards for incentivizing honest behavior on the network. All of this led the paper to get cited 183 times according to the data from Google Scholar.
The paper that outranked the one of Cardano as “Hawk: The Blockchain Model of Cryptography and Privacy-preserving Smart Contracts” that had 599 citations and presented a decentralized smart contract system which doesn’t store financial transactions on the blockchain.
As most recently reported on Cardano, LTC nears Cardano partnership in order to both work on the “velvet fork.” The fork will add several features including cross-chain fund settlement, improved scalability, and smart contracts. It is not certain that Litecoin will go forward with the plans as Litecoin nears Cardano partnership to work on the cross-chain interoperability according to the blog post from David Schwartz, the Project Director of the LTC Foundation. Schwartz said that Charles Hoskinson, the creator of Cardano invited Charlie Lee to collaborate on the Blockchain interoperability issue back in July.
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