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Proof-of-Stake Protocol
The Proof-of-Stake (PoS) protocol in Cardano is called Ouroboros, and it’s a critical component of how the Cardano blockchain operates. Ouroboros is designed to be secure, scalable, and energy-efficient, providing the foundation for Cardano’s decentralized network. Here’s how it works and why it’s important: Key Concepts of Ouroboros in Cardano How Ouroboros Differs from Other…
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ADA (Cardano)
ADA is the native cryptocurrency of the Cardano blockchain, which is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (dApps). Cardano was founded by Charles Hoskinson, one of the co-founders of Ethereum, and it distinguishes itself from other blockchain platforms through…
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Blockchain
A blockchain is a distributed and decentralized digital ledger that records transactions across a network of computers in a way that is secure, transparent, and tamper-resistant. It consists of a chain of blocks, where each block contains a list of transactions. These blocks are linked together using cryptography, ensuring that once data is recorded, it…
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What are the Generations of Blockchains?
Blockchain technology has evolved through several generations, each bringing new capabilities and expanding the potential use cases beyond the original concept introduced by Bitcoin. Here’s an overview of the main generations of blockchains: First Generation: Bitcoin and Cryptocurrencies The first generation of blockchain technology was introduced with Bitcoin in 2009, created by an anonymous person…
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Cardano Settlement Layer (CSL)
The Cardano Settlement Layer (CSL) is one of the two layers that make up the Cardano blockchain platform–the other layer is the Cardano Computation Layer (CCL). Cardano is a decentralized blockchain and cryptocurrency project that was developed by Input Output Hong Kong (IOHK) and is known for its research-driven approach to development. The CSL is…
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What is a UTxO?
In the context of Cardano, a “UTxO” stands for Unspent Transaction Output. This concept is central to how transactions are handled on the Cardano blockchain, which is similar to how Bitcoin operates. A UTxO is essentially a piece of cryptocurrency (like ADA in Cardano) that has been sent to a user’s wallet but has not…
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An Introduction to Cardano: The Big Picture
Cardano, often dubbed as the “third-generation” blockchain, is more than just another cryptocurrency. It represents a significant evolution in the blockchain ecosystem, aiming to address the limitations of its predecessors—Bitcoin and Ethereum—by offering a more scalable, secure, and sustainable platform for the future of decentralized applications (dApps) and financial systems. This article explores the foundational…
