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Is there a Cardano Virtual Machine (VM)?
Blockchains like Ethereum, Solana, and others that use an account-based ledger model can be thought of as a single, large, interconnected system, where the state of the blockchain is continuously changing. Every account, balance, contract, and transaction is interdependent, forming a complex web of interactions. All of this activity must be managed in a unified…
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Two-layer Architecture (Blockchain)
The two-layer architecture in blockchain refers to the design where different functions of the blockchain are separated into two distinct layers. In Cardano, this architecture consists of: This division allows Cardano to optimize the performance and flexibility of the blockchain for various use cases. Here’s a breakdown of each layer using Cardano as the example:…
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Stake Pool Operator (SPO)
A Stake Pool Operator (SPO) on Cardano is an individual or organization responsible for maintaining and operating a stake pool, which is a network node that validates transactions and secures the blockchain. Stake pool operators play a crucial role in the Cardano ecosystem by managing these nodes, which contribute to the decentralization and stability of…
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How to Become a Stake Pool Operator on Cardano
Becoming a stake pool operator on the Cardano blockchain is an exciting opportunity for those looking to participate actively in the Cardano ecosystem while earning rewards. Stake pool operators (SPOs) play a crucial role in securing the network, validating transactions, and maintaining decentralization. If you’re interested in running your own stake pool, this guide will…
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Professor Aggelos Kiayias
Professor Aggelos Kiayias is a renowned computer scientist and cryptographer, widely recognized for his pioneering contributions to blockchain technology and cryptographic protocols. He serves as the Chair in Cyber Security and Privacy at the University of Edinburgh and the Chief Scientist at Input Output Global (IOG), a leading blockchain research and development company. With a…
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User Issued Assets (UIAs)
User Issued Assets (UIAs) on Cardano refer to custom tokens created by users on the Cardano blockchain, alongside the native ADA cryptocurrency. Cardano allows users to issue, transfer, and manage their own assets without needing smart contracts, which is unique compared to other blockchains like Ethereum. Here’s how UIAs work on Cardano: The Foundation: Cardano’s…
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Composability
Composability on Cardano refers to the ability of decentralized applications (dApps) and smart contracts to interact with and build upon one another in a modular, reusable, and scalable way. This concept is crucial in blockchain ecosystems because it allows developers to create new functionalities or services by combining existing components rather than building everything from…
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Serial Transaction Processing
Serial transaction processing refers to handling transactions one after another in a sequential manner. In the context of blockchain, this means that each transaction is processed in order, and the next transaction cannot be processed until the previous one is completed. This ensures that all transactions are processed in a specific sequence, which helps maintain…
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Pegging (Cardano)
In the context of blockchain and cryptocurrency, pegging typically refers to linking the value of a digital asset to another asset, often a stable and more well-known currency, like USD. This concept is used to maintain price stability. In Cardano or other blockchain ecosystems, pegging could refer to a few things: In either case, pegging…
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Domain-Specific Language (DSL)
A Domain-Specific Language (DSL) is a specialized programming language designed to solve problems or tasks within a specific domain or industry. Unlike general-purpose programming languages (like Python, Java, or C++), which are used for a wide range of applications, a DSL is tailored to a particular use case or environment, making it more efficient and…
