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What are the Generations of Blockchains?
Blockchain technology has evolved through several generations, each bringing new capabilities and expanding the potential use cases beyond the original concept introduced by Bitcoin. Here’s an overview of the main generations of blockchains: First Generation: Bitcoin and Cryptocurrencies The first generation of blockchain technology was introduced with Bitcoin in 2009, created by an anonymous person…
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What is a UTxO?
In the context of Cardano, a “UTxO” stands for Unspent Transaction Output. This concept is central to how transactions are handled on the Cardano blockchain, which is similar to how Bitcoin operates. A UTxO is essentially a piece of cryptocurrency (like ADA in Cardano) that has been sent to a user’s wallet but has not…
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An Introduction to Cardano: The Big Picture
Cardano, often dubbed as the “third-generation” blockchain, is more than just another cryptocurrency. It represents a significant evolution in the blockchain ecosystem, aiming to address the limitations of its predecessors—Bitcoin and Ethereum—by offering a more scalable, secure, and sustainable platform for the future of decentralized applications (dApps) and financial systems. This article explores the foundational…
