How Ouroboros Leios will change the Cardano Consensus
Cardano uses PoS consensus, which at the time of writing is capable of processing 300 simple transactions per second. That’s almost 50 times more than the PoW consensus that Bitcoin uses. However, for the global financial system, this is still insufficient. The IOG team is working on a new version of PoS which they have named Ouroboros Leios.