Input Output Global (IOG), the technology firm behind Cardano, has announced Ouroboros Peras, an extension of the Ouroboros Praos protocol. Ouroboros Peras tackles the issue of the settlement horizon for transactions, ensuring that the probability of transaction reversals becomes negligible. It employs stake-based voting to boost the weight of blocks and adjusts the chain selection rule to choose the heaviest chain. IOG aims to reduce the time between research and deployment through fast prototyping methodologies. Ouroboros Peras and another version called Leios aim to improve Cardano's scalability and user experience.



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