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On-Chain (Validator scripts)
On-chain validator scripts in Cardano are part of the smart contract functionality within the network. These scripts are small programs that run directly on the Cardano blockchain, responsible for validating specific conditions or rules when a transaction is processed. Here’s how they work: In essence, on-chain validator scripts are the core mechanism in Cardano’s smart…
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Hard Fork
A hard fork on Cardano refers to a significant upgrade to the blockchain protocol that introduces new features or changes how the network operates, requiring all participants (nodes) to update to the new version. Unlike traditional hard forks that can split a blockchain into two separate chains, Cardano’s hard forks use a unique Hard Fork…
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The Five Development Phases of the Cardano Roadmap
Cardano’s journey as a blockchain platform has been marked by careful planning, peer-reviewed research, and a long-term vision for a decentralized and scalable future. Unlike many other projects, it wasn’t rushed to market but developed with a strong focus on security, sustainability, and governance. Its growth is divided into five distinct phases, or eras, known…
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What is Cardano?
Cardano is a decentralized, proof-of-stake blockchain platform designed to offer a secure, scalable, and sustainable environment for the development of decentralized applications (dApps) and smart contracts. Cardano is a collection of open-source, patent-free protocols. It’s a platform that enables you to store, transform, and manage value, identity, and governance. Cardano follows research not opinions or…
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Is Cardano’s Plutus a Platform or a Programming Language?
Plutus can be described as both a platform and a programming language for the Cardano blockchain, depending on the context. Here’s how these roles are distinguished: 1. Plutus as a Programming Language 2. Plutus as a Platform Summary So, Plutus serves both as the language for smart contracts and as part of a platform to…
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Does Cardano have Smart Contracts?
Yes, Cardano supports smart contracts. The capability for smart contracts on the Cardano blockchain was introduced with the Alonzo upgrade in September 2021. This marked a significant milestone in Cardano’s development, enabling decentralized applications (dApps) and more complex functionalities on its platform. Key Points About Cardano Smart Contracts: Cardano’s smart contract functionality continues to evolve…
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Concurrency (Cardano)
Concurrency in Cardano refers to the ability of multiple transactions to be processed and executed at the same time, without waiting for one another, especially in the context of decentralized applications (dApps) and smart contracts. This is an important concept because, unlike traditional systems where operations happen sequentially (one after another), blockchain systems like Cardano…
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Transaction Inputs & Outputs (Cardano)
In Cardano, transaction inputs and outputs are key components of the UTxO (Unspent Transaction Output) model, which is used to manage how value (such as ADA) is transferred across the blockchain. Let’s break down what they mean and how they work. Transaction Inputs Transaction Outputs Inputs and Outputs in Action Example Transaction Imagine your wallet…
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How Cardano’s Blockchain Solves Problems in the Traditional Financial System
The financial world as we know it relies on trusted intermediaries like banks and payment processors to solve common problems related to transactions, ownership, and security. However, this centralized system, while effective, has certain limitations such as inefficiency, high costs, and single points of failure. Enter Cardano, a blockchain platform designed to tackle these same…
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Haskell Programming Language
Haskell is a purely functional programming language that emphasizes immutability, mathematical rigor, and lazy evaluation. Since its inception, it has been a favorite among academic researchers and those who require high reliability and correctness in their code. Unlike imperative languages, Haskell relies on a declarative approach to programming, where you describe what the program should…
