Ouroboros Peras: accelerating transaction settlement on Cardano
Learn how Peras can accelerate transaction settlement on Cardano, reducing wait times, minimizing rollback risks, and enhancing interoperability
11 April 2025 4 mins read
Currently in development, Ouroboros Peras (henceforth Peras) is an advanced upgrade to the Ouroboros Praos consensus protocol that aims to accelerate transaction settlement while maintaining security and resilience on the Cardano blockchain. By introducing a new voting mechanism, Peras will ensure that transaction settling happens significantly faster, reducing the waiting…