5min chapter

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#192 – Charles Hoskinson: Cardano

Lex Fridman Podcast

CHAPTER

Proof of Work

The first question we had was, could proof of stake actually work or not? So the problem was that the engineers kind of led when the science should have led. And it turns out it does a lot. It's an asynchronous system. You can bootstrap from Genesis. There's still a few polishing things that have to be cleaned up because this is a physical resource and there's something there. The Macaulay kind of revolutionized the whole VRF thing,. They wrote a paper called Sleepy. We did Genesis. We also did the very first proof of secure protocol.

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