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 […]