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Pipelining (Cardano)
Pipelining on Cardano is a technique aimed at improving the throughput and scalability of the network by optimizing the block validation process. Specifically, it allows for parts of the validation process to overlap, enabling the network to process more transactions within a given time frame, thereby increasing its throughput. This approach is critical for Cardano’s…
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Plutus Scripts
Plutus scripts are more powerful and flexible, allowing for Turing-complete smart contracts on the Cardano blockchain. They are based on the Plutus platform, which uses Haskell, a functional programming language. Plutus scripts enable more complex logic and programmability compared to native scripts. Key Characteristics: Use Cases: Example Use Case: A Plutus script could define a…
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Turing-complete Programming Language
A Turing-complete programming language is a type of computational system that can simulate any algorithm or computation, given enough time and memory. In other words, if a programming language is Turing-complete, it means that it can solve any problem that a Turing machine (a theoretical model of computation invented by Alan Turing) can solve, provided…
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How to Become a Stake Pool Operator on Cardano
Becoming a stake pool operator on the Cardano blockchain is an exciting opportunity for those looking to participate actively in the Cardano ecosystem while earning rewards. Stake pool operators (SPOs) play a crucial role in securing the network, validating transactions, and maintaining decentralization. If you’re interested in running your own stake pool, this guide will…
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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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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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What’s a practical example of a UTxO limitation in the real world?
A practical limitation of the UTxO model can be illustrated with a scenario involving smart contracts and concurrent access, especially in use cases like decentralized exchanges (DEXs). Example: Decentralized Exchange (DEX) on a UTxO-Based Blockchain Let’s imagine a decentralized exchange (DEX) built on a traditional UTxO blockchain (such as Bitcoin’s model). In this scenario, multiple…
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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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What is a 51% attack?
A 51% attack is a type of attack on a blockchain where a single entity or group of entities gains control of more than 50% of the network’s computational power (in a Proof of Work system) or stake (in a Proof of Stake system). With this majority control, the attacker can manipulate the blockchain in…
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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…
