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What’s the difference between a pool and a node on Cardano?
In the Cardano blockchain ecosystem, both pools and nodes are critical components, but they serve different purposes and have distinct roles. Here’s a breakdown of the differences between a stake pool and a node on Cardano: 1. Node A node in Cardano is a piece of software that runs the Cardano protocol and participates in…
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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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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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Deflationary Currency
A deflationary currency is a type of currency where its total supply decreases over time, either due to a reduction in the issuance rate or the active removal of tokens from circulation (via mechanisms like burning). This decrease in supply can make the currency more scarce, potentially increasing its value over time as demand remains…
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What are the different types of tokens on Cardano?
Cardano supports multiple types of tokens, thanks to its multi-asset ledger introduced with the Mary hard fork in March 2021. These tokens are categorized based on their purpose and how they interact with the Cardano blockchain. Here are the main types of tokens on Cardano: 1. ADA 2. Native Tokens Key Features of Native Tokens:…
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Beginners Guide to Buying ADA from a Decentralized Exchange (DEX)
In the world of cryptocurrencies, Cardano’s native token ADA has gained significant attention due to its energy-efficient, eco-friendly blockchain and its focus on scalability and security. While centralized exchanges (CEX) like Binance or Coinbase offer straightforward ways to purchase ADA, decentralized exchanges (DEX) are becoming increasingly popular among crypto enthusiasts for their focus on privacy,…
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The Island, The Ocean, and The Pond Video Breakdown
The Island, The Ocean, and The Pond: A Vision for the Future of Cardano Development Charles Hoskinson’s video titled The Island, The Ocean, and The Pond, posted now three years ago, holds significant meaning within the Cardano community and the broader blockchain space. In this video, Hoskinson uses a metaphor to describe the different phases…
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Stablecoin
A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (like the U.S. dollar) or a commodity (like gold). Unlike more volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins aim to provide price stability, making them useful for everyday transactions,…
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Byzantine Generals Problem
The Byzantine Generals Problem is a famous thought experiment in computer science that illustrates a challenge in achieving reliable communication and consensus in a distributed system, especially when some members of the group may be unreliable or act maliciously. Imagine This Scenario: Several generals of the Byzantine army are positioned around a city that they…
