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Marlowe
Marlowe is a domain-specific language (DSL) designed specifically for writing and executing financial contracts on the Cardano blockchain. It is a specialized language that simplifies the creation of financial smart contracts, making it accessible not just to developers but also to finance professionals with limited programming experience. Key Features of Marlowe How Marlowe Works Marlowe…
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What’s a practical example of a UTxO limitation in the real world?
A practical limitation of the UTxO model can be illustrated with a scenario involving smart contracts and concurrent access, especially in use cases like decentralized exchanges (DEXs). Example: Decentralized Exchange (DEX) on a UTxO-Based Blockchain Let’s imagine a decentralized exchange (DEX) built on a traditional UTxO blockchain (such as Bitcoin’s model). In this scenario, multiple…
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What’s the difference between UTxOs and eUTxOs?
The UTxO (Unspent Transaction Output) model and eUTxO (Extended Unspent Transaction Output) model are two different blockchain architectures used to manage how transactions are recorded and validated on a blockchain. Cardano introduced the eUTxO model as an evolution of the traditional UTxO model used by Bitcoin. Let’s explore the differences and how the eUTXO model…
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Web3
Web3 refers to the next generation of the internet, where decentralized technologies, such as blockchains, smart contracts, and cryptocurrencies, enable users to interact in a peer-to-peer (P2P) environment without the need for intermediaries like large corporations or centralized authorities. It focuses on ownership, control, and security being in the hands of users rather than centralized…
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What is a 51% attack?
A 51% attack is a type of attack on a blockchain where a single entity or group of entities gains control of more than 50% of the network’s computational power (in a Proof of Work system) or stake (in a Proof of Stake system). With this majority control, the attacker can manipulate the blockchain in…
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How is the performance of a blockchain measured?
The performance of a blockchain is measured using several key metrics and factors that assess its efficiency, scalability, security, and overall functionality. These metrics help determine how well the blockchain can handle transactions, secure data, and support decentralized applications (dApps). Here are the most common ways to measure the performance of a blockchain: 1. Transaction…
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Cardano Treasury System
The Cardano Treasury System is a decentralized financial structure designed to fund the ongoing development and improvement of the Cardano blockchain ecosystem. It accumulates funds through network activities and allocates them to proposals that are voted on by the Cardano community, making it a key component of the governance model, especially as the platform transitions…
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Cardano Governance Tool
The Cardano Governance Tool is a set of mechanisms and platforms that enable decentralized governance within the Cardano ecosystem. It allows the community to participate in decision-making processes, vote on key proposals, and shape the future of the blockchain. The governance system is an integral part of Cardano’s evolution, particularly in the Voltaire era, which…
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Determinism
Determinism on Cardano refers to the property where the outcome of transactions and smart contracts can be predicted with certainty before they are executed on the blockchain. This is a key feature of Cardano’s Extended UTXO (eUTxO) model and is different from other blockchain models, such as Ethereum’s account-based system, where the outcome of a…
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Transaction Costs
Transaction Costs on Cardano: Transaction costs on Cardano refer to the fees users pay to execute transactions, deploy smart contracts, or interact with decentralized applications (dApps) on the blockchain. These fees are necessary to compensate network validators (stakers and stake pool operators) for securing and processing transactions. Key aspects of transaction costs on Cardano include:
