Cardano’s Phalanx Update: A New Era for Crypto Payroll Security and Efficiency
As the world of cryptocurrency keeps changing, one thing stays the same: security is always a top concern. Cardano’s Phalanx update is a big step forward in Proof-of-Stake (PoS) security. It protects the network from grinding attacks and makes transactions run smoother. Let’s break down how this update raises the bar for security, making it easier for institutions to adopt and comply with regulations.
Grinding Attacks: A Threat to Crypto Payroll Systems
Grinding attacks are a serious issue for Proof-of-Stake systems. These attacks let bad actors, who own a lot of ADA, mess with the random selection of block producers. This could cause consensus issues and hurt the network’s integrity. If someone controls over 20% of the stake, they can…
