Ouroboros Praos

DeFi

Ouroboros Praos is a way for blockchain networks to agree on transactions using a proof-of-stake system. It was created by IOHK and is an improved version of the original Ouroboros system.

Definition: Ouroboros Praos is a way for blockchain networks to agree on transactions using a proof-of-stake system. It was created by IOHK and is an improved version of the original Ouroboros system.