Delegate Representatives (DReps) on Cardano are participants in the network’s on-chain governance system, particularly under the Voltaire era, which introduces governance and treasury features. DReps play a key role by representing ADA holders in governance decisions. Here’s a breakdown of their function: By introducing DReps, Cardano enhances decentralized governance by ensuring that even if individual…

State channels are a type of Layer-2 scaling solution that allow participants to conduct multiple off-chain transactions, only recording the final result of those transactions on the main blockchain. This helps improve scalability and efficiency by reducing the load on the main blockchain, while still maintaining the security and decentralization provided by the underlying blockchain.…

Multi-signature transactions on Cardano are transactions that require approval from multiple parties (or signatures) to be valid and executed. This feature ensures that a specific set of conditions is met before funds can be transferred or certain actions can be taken, adding an extra layer of security and collaboration. These transactions are useful in scenarios…

Native scripts are simpler, non-Turing-complete scripting solutions on Cardano. They are used primarily for multi-signature transactions and simple, pre-defined logic that does not require complex computation. Native scripts are processed directly by the Cardano ledger and have limited functionality compared to Plutus scripts. Key Characteristics: Example Use Cases: Example: A simple native script could require…