Security of Cardano

The security of public networks is not governed by a centralized authority. It is something that evolves organically with the growth of projects. Let’s have a look at how secure Cardano is.

Security of public networks

Security of public networks depends on a group of people that are willing to spend their time and money in order to maintain blockchain networks. Nobody hires these people and gives them permission. People can freely decide to do so and they can also leave whenever they want. The motivation to maintain a public network is purely economical. Every public blockchain network needs an economical model that ensures that people are well-paid for their effort.

There is always some expensive resource that is used for the distribution of power. People need to own the resource in order to be able to join the group that maintains a network. They basically need to buy a part of decision power in the network consensus. The expensive resource can be electricity in the case of Proof-of-Work networks like Bitcoin or it can be the native coins of the network. For example ADA coins in the case of Cardano. Only if you have the resource at your disposal then you can participate in maintaining a network and at the same time, you are eligible to be rewarded by the network.