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User Issued Assets (UIAs)
User Issued Assets (UIAs) on Cardano refer to custom tokens created by users on the Cardano blockchain, alongside the native ADA cryptocurrency. Cardano allows users to issue, transfer, and manage their own assets without needing smart contracts, which is unique compared to other blockchains like Ethereum. Here’s how UIAs work on Cardano: The Foundation: Cardano’s…
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Composability
Composability on Cardano refers to the ability of decentralized applications (dApps) and smart contracts to interact with and build upon one another in a modular, reusable, and scalable way. This concept is crucial in blockchain ecosystems because it allows developers to create new functionalities or services by combining existing components rather than building everything from…
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Serial Transaction Processing
Serial transaction processing refers to handling transactions one after another in a sequential manner. In the context of blockchain, this means that each transaction is processed in order, and the next transaction cannot be processed until the previous one is completed. This ensures that all transactions are processed in a specific sequence, which helps maintain…
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Pegging (Cardano)
In the context of blockchain and cryptocurrency, pegging typically refers to linking the value of a digital asset to another asset, often a stable and more well-known currency, like USD. This concept is used to maintain price stability. In Cardano or other blockchain ecosystems, pegging could refer to a few things: In either case, pegging…
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Domain-Specific Language (DSL)
A Domain-Specific Language (DSL) is a specialized programming language designed to solve problems or tasks within a specific domain or industry. Unlike general-purpose programming languages (like Python, Java, or C++), which are used for a wide range of applications, a DSL is tailored to a particular use case or environment, making it more efficient and…
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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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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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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…
