Ouroboros

Ouroboros OURO

$0.5597
Market Cap $ 17.518 MM (#369)
24h Volume $ 0.000
Chg. 24h: 0.00%
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Ouroboros project purpose and description

Ouroboros clarity of purpose

Ouroboros purpose and aspects

Ouroboros is a Delegated Proof-of-Stake (DPoS) cryptocurrency created on the basis of Cosmos-SDK (Tendermint) with paramining functionality and the construction of a follower structure

Short description

Ouroboros is a Delegated Proof-of-Stake (DPoS) cryptocurrency created on the basis of Cosmos-SDK (Tendermint) with paramining functionality and building a follower structure. We carefully studied the experience of our predecessor (PRIZM), analyzed all the mistakes made and created something more stable, fast and safe.

Abstract

Ouroboros is a next-generation cryptocurrency that achieves high transaction throughput and low fees while being easy to manage. We're focused on fast and secure transactions since that's the most important thing for most users. One of our features is the transaction throughput - the blockchain generates a new block every ~6 seconds, and it can handle up to 1k transactions per second (based on our stresstesting results). But the most exciting feature is "Paramining" - a blockchain-based technology that generates new coins to your wallet depends on your current balance. PRIZM introduced the Paramining technology, but unfortunately, the developers made some serious mistakes, and that led to the problems - we have considered all the mistakes of our predecessor and designed both technical and economics parts with keeping their mistakes in mind.

Link to Roadmap: https://ouroboros-crypto.com/en/#timeline
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