CARDANO GLOSSARY An ADDRESS is a data structure used in transaction outputs to convey various pieces of information. All addresses carry a network-discriminant tag to distinguish between different networks (e.g., mainnet or testnet) and a proof of ownership (i.e., a proof of who owns the transaction output). Some addresses also carry delegation choices or script […]
CARDANO GLOSSARY ADA is the native cryptocurrency of the Cardano blockchain. It is used to facilitate transactions on the Cardano network and can also be used as a store of value. Fun fact: Named after Ada Lovelace, the English mathematician and programmer.
CARDANO GLOSSARY In the ACCOUNT-BASED MODEL for blockchain transactions, each user is associated with a unique account. Each account has a balance, and users can send transactions to other accounts by specifying the recipient account and the amount of tokens they want to transfer. When a transaction is added to the blockchain, the balances of […]
CARDANO GLOSSARY The Cardano ACTUS (Automated Contract Types Using Signals) framework is a set of rules and standards that define how smart contracts should be designed and implemented on the Cardano blockchain. It is intended to provide a standardized and consistent approach to smart contract development, helping to ensure the reliability and security of these […]
RELATED POST Blockchain scalability refers to the ability of a blockchain network to handle a large number of transactions efficiently. In the context of the Cardano blockchain, scalability is an important issue because the network aims to support a large number of users and transactions. There are several ways that the Cardano blockchain is working […]
RELATED POST In a proof of work system, miners compete to solve a computationally difficult puzzle in order to create a new block and earn a reward. This process consumes a lot of energy and resources. In contrast, in a proof of stake system, like what Cardano uses, the creator of a new block is […]
RELATED POST Proof of Stake is a way that people can help make sure that the rules of a particular network are followed, without using a lot of energy. Imagine a neighborhood where everyone has a special rock that they can use to cast a vote on something. In proof of stake, instead of using […]
RELATED POST A decentralized network is a network that operates without a central authority or central server. In such a network, each node (a device or computer connected to the network) has equal power and can communicate directly with other nodes on the network. This allows the network to operate in a decentralized and distributed […]
RELATED POST There are a few key reasons why you might want to consider building a decentralized application (DApp) on the Cardano platform: Building a DApp on the Cardano platform can be a good choice for developers and businesses looking to build innovative solutions on a secure, scalable, and decentralized platform. It’s important to note, […]
RELATED Decentralized applications (DApps) are applications that run on a decentralized network rather than a single server. Cardano is a platform for the development and execution of DApps, which means that developers can build and deploy applications on the Cardano network. One of the key benefits of DApps is that they are decentralized, which means […]
