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What is Ouroboros?

Crypto Glossary Definition

Ouroboros is the name of Cardano's staking algorithm. In this algorithm, a node is selected to generate a new block based on the relative economic stake they have in the network. Time is divided into 'epochs', and further subdivided into slots, where leaders are chosen.

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Related Crypto Terms

Order BookA current list of buy and sell orders for a specific asset o…Orphaned BlockA valid block that is not part of the main chain. May occur …OTC (Over the Counter)An asset traded directly between two parties, and isn't tied…OverboughtA condition where an asset has recently increased in price t…OversoldThe inverse of Overbought…P/L (Profit & Loss)A statement that calculates the profit or loss for a time pe…
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