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Recursive SNARKs
Recursive SNARKs (Succinct Non-Interactive Arguments of Knowledge) are an advanced cryptographic technology being explored and implemented on Cardano to enhance scalability and privacy. In simple terms, recursive SNARKs allow multiple computations to be compressed into a single, compact proof that can be verified efficiently. This has transformative potential for blockchain systems like Cardano by enabling…
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ADA Handles
As the Cardano blockchain continues to grow, the ecosystem is embracing user-friendly innovations that make interactions with the blockchain simpler and more accessible. One such innovation is the ADA Handle, a feature designed to replace long, complex wallet addresses with human-readable names. This article explores what ADA Handles are, how they work, and why they…
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Babel Fees
Babel fees on Cardano are an innovative mechanism allowing users to pay transaction fees in tokens other than ADA, the native currency of the Cardano blockchain. This feature is particularly useful in cases where users hold assets or tokens but lack the required amount of ADA to cover transaction fees. Babel fees introduce a way…
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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…
