-
Smart Contracts
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. These contracts automatically enforce and execute the terms when the specified conditions are met, without the need for intermediaries like lawyers or brokers. Smart contracts run on blockchain networks, where they inherit the blockchain’s properties of immutability, transparency, and security.…
-
Cryptocurrency Staking
Cryptocurrency staking is a process where individuals participate in the operation of a blockchain network by locking up a certain amount of their cryptocurrency in a wallet to support various functions of the network, such as transaction validation, security, and consensus. In return for staking their cryptocurrency, participants, often referred to as “stakers” or “validators,”…
-
Cardano Computation Layer (CCL)
The Cardano Computation Layer (CCL) is one of the two primary layers of the Cardano blockchain architecture, the other being the Cardano Settlement Layer (CSL). The CCL is responsible for handling the execution of smart contracts and decentralized applications (dApps) on the Cardano platform. Key Features of the Cardano Computation Layer (CCL) Importance of the…
-
Project Catalyst
Project Catalyst is an innovative initiative within the Cardano ecosystem designed to foster decentralized innovation and governance. It serves as a decentralized funding mechanism that allows the Cardano community to propose, vote on, and fund projects that aim to improve and expand the Cardano network and ecosystem. Here’s a detailed overview of Project Catalyst: Key…
-
Stake Pools
Stake pools in Cardano are specialized servers or groups of participants that are responsible for processing transactions and producing new blocks on the blockchain. They are a key component of Cardano’s Proof-of-Stake (PoS) system, enabling decentralization and ensuring the network remains secure and efficient. Here’s a detailed explanation of stake pools and their role within…
-
Epochs
In Cardano, an epoch is a unit of time used to organize and manage the blockchain’s operation. The concept of epochs is central to how Cardano’s Ouroboros Proof-of-Stake (PoS) protocol functions. Here’s how epochs work: Structure of an Epoch Importance of Epochs What would happen if Cardano didn’t have epochs? If Cardano didn’t have epochs,…
-
Ouroboros
Ouroboros is the Proof-of-Stake (PoS) protocol developed by IOHK (Input Output Hong Kong) for the Cardano blockchain. It is the first PoS protocol to be mathematically proven secure and is a key component of Cardano’s design, enabling the network to achieve decentralization, security, and scalability. Here’s how Ouroboros works and what makes it unique: In…
-
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…
-
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…
-
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…
