It's going to take a few consecutive watches to fully grasp what Pf. Aggelos is presenting, but still in my ignorance the new version of Ouroboros looks fantastic.
@@arthurh1969 Ouroborus is a longest chain consensus protocol and for security reasons it has a limit to the frequency of how blocks are created, this limits the throughput to about 8% the theoretical maximum. To overcome this consesus is being modularised by separating consensus and transaction execution. In this new model there will two types of blocks: - Input Blocks: These are batches of transactions that have been verified by block producers alongside an Input Block certificate (Mithril proof) - Ranking (Consensus) Blocks: These include references to input blocks that are accepted and ranking to avoid double spending. It doesn't execute transactions as those are already prevalidated in the Input blocks. It just handles the agreed upon ordering of the input blocks this is really important because input blocks are made in parallel so non-malicious double spends are inevitable. The most beautiful thing about this is that it offloads script execution and validation to block producers a lot like rollups. This is just what I think he means and most likely will contain issues
Those are the brilliants minds that no one talks. The real scientists that makes science advancing and create tools to modernise ower civilization. Thank you
Aggelos Kiayias explained it all so well and I am glad IOG is putting out content to educate us the community. Even at that I need a couple of passes on the video to get a good grasp on the information.
God damn, the initial explication of how longest chains protocols leave typically 92% of the available communication throughput is pure majesty. Cheers proffesor!
Agreed. That said, because of the complexity of the subject it would be better imo to have an even more animated explanation with analogies that we can relate to in order to fully understand. Little by little
It's like the Manhattan Project, but with opposite effect. Instead of destroying humanity you're saving it, so thanks Einstein! And thanks for the visuals and clear explanation, really appreciating the effort.
That's why Cardano is totally different with other blockchain. Cardano is built to last for decades or hundreds of years. Cardano - Blockchain for Humanity !!!
@@stevenmartin6271 idk, these other chains seem more cult like for more terrible reasons. Other chains want your money, Cardano actually solves issues.
@@Swordmaster7th Yes, it does. However I have followed charles for years. He's a real troll when he want to be. idk, but I am of the opinion that it is built on the backs of naive uni students, young and have investable $2k sitting around, and because they wrote a thesis or perhaps, a paper on xyz, they think they are gods gift, but in actuality, they have not even worked a day in their field. Crypto is now a big world, and the serious players go out on their own and hire. Not hope and pray with mantras like "slow and steady wins the race"- its simply childish. Ps XRP investors are pumping it. Syndicate from japan. I knew this ages ago, and coinsider came out with a vid not long ago about it also. Like I said, CH is an educator, not a leader. The reason he was kicked is because the wanted to bring in the VC community instead of making the EF. Go figure ya know. There are ways to pump a coin higher (VC's), and then there are ways to get better gini coefficients, like polkadot. Just saying. Shill or be killed.
I couldn't have said it better. I literally couldn't have even said any of it but now I'm even more blown away that when I press the power button, my computer comes to life and it can do stuff
Great video! Only comment I would have is for future videos, when you show a formula, you could add the variable names/descriptions somewhere on the screen.
It helped me to enable captions and pause when I needed. (I did that, for example, when he was introducing the proportions of honest (pH) and adversarial (pA) parties since it was difficult for me to decipher his accent at that point.) I think that adding too much text might clutter the screen and become something of a distraction. The geometric representations are great. Perhaps more of those with fewer variable names would help. Overall, I agree with you that it's an excellent presentation.
Great video format and production; concise but not vague. Is the Leios paper published? Would love more info on the spread-spectrum solution to reducing input block overlap..
"This is the Construct. It's our loading program. We can load anything... From clothing to equipment, Aggelos, training simulations; anything we need.”
does it need to? if adversarial here is defined as intent to double spend - which would be filtered out by the inputs endorsers cross checking each others work way before it gets to final confirmation - which i’m assuming you’re referring to as main chain. all this btw is happening on main chain.
I'm sure no one else will care,, but the audio would be a lot less distracting if you recorded mono-stereo instead of separating the channels with different mics. 🎤🎙️
yeah... I can't program a thermostat in my house, yet I just was totally dialed into this for the whole segment. Sometimes ya just question how smart you really think you are. Buy some ADA. Not financial advice. ;-)
I have no idea what this guy is talking about. 😆 I was just hoping for an update on their progress in this area. Maybe he did tell us. I'm just not smart enough to catch it.
I find it odd to see a few comments on this IOHK video, each with quite a few “likes” and insightful content, yet none of the 73 current “commenters” bothered to give the video a thumbs up 🤔
Most of the people here are commenting and have no idea what the guy is talking about! All they are hoping for is for ADA's price to go up and sell their coins!
if you can prove this guy wrong, please do so. if you can't invest in Cardano! Let me make this easy for you! Invest in Cardano!! This is only my opinion as a Republican. your welcome
Enjoyed hearing from one of the collaborating lab leaders. You know they are a research scientist reading their written script when they use the term "Moreover".
It's going to take a few consecutive watches to fully grasp what Pf. Aggelos is presenting, but still in my ignorance the new version of Ouroboros looks fantastic.
Can someone dumb this down for me? 😂
@@arthurh1969
Ouroborus is a longest chain consensus protocol and for security reasons it has a limit to the frequency of how blocks are created, this limits the throughput to about 8% the theoretical maximum.
To overcome this consesus is being modularised by separating consensus and transaction execution. In this new model there will two types of blocks:
- Input Blocks: These are batches of transactions that have been verified by block producers alongside an Input Block certificate (Mithril proof)
- Ranking (Consensus) Blocks: These include references to input blocks that are accepted and ranking to avoid double spending. It doesn't execute transactions as those are already prevalidated in the Input blocks. It just handles the agreed upon ordering of the input blocks this is really important because input blocks are made in parallel so non-malicious double spends are inevitable.
The most beautiful thing about this is that it offloads script execution and validation to block producers a lot like rollups.
This is just what I think he means and most likely will contain issues
I'm back again 😂
Those are the brilliants minds that no one talks. The real scientists that makes science advancing and create tools to modernise ower civilization. Thank you
We all know when Aggelos comes out shit's about to get real XD love watching this man bless us with his cryptographic brilliance
This is what cardano needs approachable explanations of it'stechnical aspects by the researchers, really nice and helpful
Beautiful introductino to Input Endorser and another use of Mithril at the same time.
Great work Professor Aggelos Kiayias!
Aggelos Kiayias explained it all so well and I am glad IOG is putting out content to educate us the community. Even at that I need a couple of passes on the video to get a good grasp on the information.
Good to get more than just Charles communicating about cardano.
Α ρε Κιαγια θεέ! Μας έκανες Διακριτά πρώτο έτος στο di. Ο καλύτερος καθηγητής!
Loved the presentation. It's much easier to understand such complex concepts by visualizing it into these illustrations.
God damn, the initial explication of how longest chains protocols leave typically 92% of the available communication throughput is pure majesty. Cheers proffesor!
Thank you professor for your clarification!
Sir Aggelos Kiayias you saved the world.
great stuff, the visuals are very helpful
Agreed. That said, because of the complexity of the subject it would be better imo to have an even more animated explanation with analogies that we can relate to in order to fully understand. Little by little
It's like the Manhattan Project, but with opposite effect. Instead of destroying humanity you're saving it, so thanks Einstein!
And thanks for the visuals and clear explanation, really appreciating the effort.
Awesome. Thank you for the great video. Looking forward to the next one.
Amazing! thanks for sharing your knowledge prof Aggelos.
Thank you very much Prof Aggelos.
Thanks so much for the explanation, it's really appreciated. Even if I didn't yet understand half of it, that's half of it that made sense 😀
That's why Cardano is totally different with other blockchain. Cardano is built to last for decades or hundreds of years. Cardano - Blockchain for Humanity !!!
cult much?
@@stevenmartin6271 idk, these other chains seem more cult like for more terrible reasons. Other chains want your money, Cardano actually solves issues.
@@Swordmaster7th Yes, it does. However I have followed charles for years. He's a real troll when he want to be. idk, but I am of the opinion that it is built on the backs of naive uni students, young and have investable $2k sitting around, and because they wrote a thesis or perhaps, a paper on xyz, they think they are gods gift, but in actuality, they have not even worked a day in their field. Crypto is now a big world, and the serious players go out on their own and hire. Not hope and pray with mantras like "slow and steady wins the race"- its simply childish. Ps XRP investors are pumping it. Syndicate from japan. I knew this ages ago, and coinsider came out with a vid not long ago about it also. Like I said, CH is an educator, not a leader. The reason he was kicked is because the wanted to bring in the VC community instead of making the EF. Go figure ya know. There are ways to pump a coin higher (VC's), and then there are ways to get better gini coefficients, like polkadot. Just saying. Shill or be killed.
@@stevenmartin6271 nothing you just wrote makes any sense. And this video isn't about CH. Do you even know who Aggelos Kiayias is? 🤦♂️
@@stevenmartin6271 what a bunch of incoherent garbage
Excellent video. Very technical but we'll supported by the explanation and visualisations.
I couldn't have said it better. I literally couldn't have even said any of it but now I'm even more blown away that when I press the power button, my computer comes to life and it can do stuff
Great video! Only comment I would have is for future videos, when you show a formula, you could add the variable names/descriptions somewhere on the screen.
It helped me to enable captions and pause when I needed. (I did that, for example, when he was introducing the proportions of honest (pH) and adversarial (pA) parties since it was difficult for me to decipher his accent at that point.) I think that adding too much text might clutter the screen and become something of a distraction. The geometric representations are great. Perhaps more of those with fewer variable names would help. Overall, I agree with you that it's an excellent presentation.
Well explained. Thank you!
Brilliant explanations.
great camera angles and video
Amazing explanation
Great content. Thank you!
Can't wait for the paper !
Standing on the shoulders of giants! Also, there's a typo in the captions at 9:38 (it should be "settlement" instead of "supplement").
Thanks team it would be awesome to see Leios Vs chronos vs omega,
One day
Great video format and production; concise but not vague. Is the Leios paper published? Would love more info on the spread-spectrum solution to reducing input block overlap..
Thank you for sharing this, I really enjoyed it. Keep them coming,... oh, and change your TH-cam moniker to IOG.
Beautiful architecture 🙏
Jenius and professional. Oh by the way, great socks...
🧦😜
Thank you very much!
Can there be an annotation on the screen for the variables in the equations? There’s plenty of space and would aid in understanding.
"This is the Construct. It's our loading program. We can load anything... From clothing to equipment, Aggelos, training simulations; anything we need.”
My brain just exploded just now.
He sure sounds smart. That's all I need to know. Hodl
Big ups to Ouroboros!
i love those socks man!!!
I agree with everything you said Sr haha
Love it
Does pre verification with Mitchell imply instant finality?
Great people
Very interesting.
Does this give main chain an ability to identify input endorsers as adversarial?
does it need to? if adversarial here is defined as intent to double spend - which would be filtered out by the inputs endorsers cross checking each others work way before it gets to final confirmation - which i’m assuming you’re referring to as main chain. all this btw is happening on main chain.
From 8% to the max, so a sweet 12.5x speed increase...
From 8 to 100% is actually a great deal :)
Isnt this post-hydra stuff and we'll have to wait for a decade or so to have it ready for production?
❤️🔥🔥🚀🚀🚀
his socks stole the show
Amazing
I support the cardano network and ignore the haters as they always hate.
I love his socks
Kings
1 ADA = 1 ADA
lol true. but 1 ada does not equate 1$. The performance of the blockchain is what creates value.
@@samedhamdi7123 Value isn't equal to price either;)
Now we need someone to do ELI5
i’m curious about how much you understood - i’m thinking of doing a simplified tweeter thread to the best of my understanding
twitter *
[Nodding head in ignorant and jubilant bliss]
I'm sure no one else will care,, but the audio would be a lot less distracting if you recorded mono-stereo instead of separating the channels with different mics. 🎤🎙️
I picked up on it and my brain eventually adjusted somehow
AwEsOmE
#cardano thinks ahead. It’s in a league of its own!
😎
🔆🔆🔆🔆🔆
yeah... I can't program a thermostat in my house, yet I just was totally dialed into this for the whole segment. Sometimes ya just question how smart you really think you are. Buy some ADA. Not financial advice. ;-)
Ouroboros Leios? What happened to Omega?
there are many flavours! nothing has happened to omega or any others - they’re still being brought to life!
I have no idea what this guy is talking about. 😆 I was just hoping for an update on their progress in this area. Maybe he did tell us. I'm just not smart enough to catch it.
Wow 😶
Wow :)
Phase issues
too technical for me, but i like it :-)
I find it odd to see a few comments on this IOHK video, each with quite a few “likes” and insightful content, yet none of the 73 current “commenters” bothered to give the video a thumbs up 🤔
like the view count, some times the like count takes time to appear
brooo… 🤯
All Greek to me
Io alwchoose interesting names, and why leios?
I don't think ETH has a chief scientist, right?
great socks
Most of the people here are commenting and have no idea what the guy is talking about! All they are hoping for is for ADA's price to go up and sell their coins!
This is why Cardano.
I have no clue what is going on and this was difficult to understand.... I'm confused by how many in the comments actually understand all this 😅
i’m curious about how much you understood - i’m thinking of doing a simplified tweeter thread to the best of my understanding
twitter *
Να σαι καλά ρε κουμπαρε
Why does this guy remind me of Adam Back? *cough cough.
Nice socks
I just a baby with glasses
Lol Ada bout to dust some projects.
if you can prove this guy wrong, please do so. if you can't invest in Cardano! Let me make this easy for you! Invest in Cardano!! This is only my opinion as a Republican. your welcome
I’m to stupid to understand, he could be talking about a recipe for making a cheesecake.. I wouldn’t know 😂
i’m curious about how much you understood - i’m thinking of doing a simplified tweeter thread to the best of my understanding
twitter *
First
Still this does not decentivize bad actors... Not really sure why this a big deal other than for scaling but decentralization is still at risk.
Enjoyed hearing from one of the collaborating lab leaders. You know they are a research scientist reading their written script when they use the term "Moreover".
how so?
BURN SOME
FING COINS! 😹
A properly setup layer 1 can't be burned, where do you get this idea?
Fantastic explanation
First