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Imperative Programming Languages
Imperative programming languages are those in which the programmer provides step-by-step instructions on how the computer should perform tasks. These languages are based on commands that change the program’s state through assignments, loops, conditionals, and explicit sequences of actions. They focus on how to achieve a specific outcome, as opposed to what the outcome should…
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Functional Programming Language
Functional Programming Language is a type of programming language that emphasizes computation through functions and treats functions as first-class citizens. The primary characteristics of functional programming languages include: Examples of functional programming languages include Haskell, Erlang, Scala, Lisp, and F#. Relevance of Functional Programming to Cardano Cardano, a blockchain platform known for its research-first approach…
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Avalanche Effect
The Avalanche Effect is a term used in cryptography to describe a desirable property of cryptographic algorithms, particularly in hashing and encryption functions. The Avalanche Effect occurs when a small change in the input (such as flipping a single bit) causes a significant and unpredictable change in the output. This property ensures that even minor…
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Non-Fungible Tokens (NFTs)
Non-Fungible Tokens (NFTs) are a type of digital asset that represents ownership or proof of authenticity for unique items, whether they are digital or physical. Unlike fungible tokens, which are identical and interchangeable (such as cryptocurrencies like Bitcoin or ADA), NFTs are one-of-a-kind assets that are non-interchangeable. Each NFT has a unique identifier that distinguishes…
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Fungible Tokens (FTs)
Fungible tokens are digital assets that are interchangeable with each other, meaning that each unit of the token holds the same value and characteristics as any other unit. In other words, one fungible token is equal in value and function to another token of the same type. This property makes fungible tokens ideal for use…
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Graphical User Interface (GUI)
A Graphical User Interface (GUI) is a user interface that allows individuals to interact with electronic devices or software using visual elements such as icons, buttons, windows, and menus, rather than text-based commands. GUIs are designed to make software and systems more accessible to users by providing a visually intuitive way to interact with them,…
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Liquidity provider (LP)
A Liquidity Provider (LP) is an individual or entity that contributes assets (such as cryptocurrencies) to a liquidity pool on a decentralized exchange (DEX) or decentralized finance (DeFi) platform. Liquidity pools are essential components of DeFi systems, enabling users to trade assets in a decentralized, automated manner without relying on traditional order books. Liquidity providers…
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Native Asset
A Native Asset is a type of token that is supported directly by a blockchain’s ledger without the need for additional smart contracts or layers. Unlike traditional tokens that rely on smart contracts (e.g., ERC-20 tokens on Ethereum), native assets are treated as “first-class citizens” of the blockchain. They can be created, transferred, and managed…
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Cardano Token Registry
The Cardano Token Registry is a decentralized repository where metadata for tokens issued on the Cardano blockchain is stored and managed. This registry allows token creators to register their tokens and attach relevant metadata, such as the token’s name, description, ticker symbol, and other important attributes. By storing metadata off-chain but making it accessible via…
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Decentralized Encrypted Assets (DEAs)
Decentralized Encrypted Assets (DEAs) refer to digital assets that are stored, managed, and transacted on decentralized networks with the added layer of encryption to protect data privacy and security. These assets are distributed across a blockchain network rather than controlled by a centralized entity, and they leverage encryption to ensure that sensitive data related to…
