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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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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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What’s the difference between UTxOs and eUTxOs?
The UTxO (Unspent Transaction Output) model and eUTxO (Extended Unspent Transaction Output) model are two different blockchain architectures used to manage how transactions are recorded and validated on a blockchain. Cardano introduced the eUTxO model as an evolution of the traditional UTxO model used by Bitcoin. Let’s explore the differences and how the eUTXO model…
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How is the performance of a blockchain measured?
The performance of a blockchain is measured using several key metrics and factors that assess its efficiency, scalability, security, and overall functionality. These metrics help determine how well the blockchain can handle transactions, secure data, and support decentralized applications (dApps). Here are the most common ways to measure the performance of a blockchain: 1. Transaction…
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Hard Fork Combinator (HFC)
The Hard Fork Combinator (HFC) is a unique innovation in Cardano that allows the blockchain to undergo upgrades and implement protocol changes seamlessly without disrupting the network’s continuity. It was introduced by IOHK (now IOG), the development team behind Cardano, as a way to combine different protocol versions in a single chain, avoiding the typical…
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Extended UTxO (eUTxO) Model
The Extended UTxO (eUTxO) Model on Cardano is an advanced version of the Unspent Transaction Output (UTxO) model, which was initially used by Bitcoin. The eUTxO model enhances the original UTxO structure by supporting smart contracts and enabling more complex transactions on the blockchain. It was implemented with the Alonzo upgrade in September 2021, when…
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SundaeSwap
SundaeSwap is a decentralized exchange (DEX) built on the Cardano blockchain. It allows users to trade Cardano native tokens in a decentralized manner, using an automated market maker (AMM) model, similar to Uniswap on Ethereum. Project Status https://sundae.fi Key features and aspects of SundaeSwap SundaeSwap is one of the most notable DEX projects on Cardano,…
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The Advantages of Staking on Cardano Over Other Blockchains
Staking has become an increasingly popular way to earn rewards and support blockchain networks. Among the various platforms available, Cardano distinguishes itself with its innovative features and user-friendly approach. In this post, we’ll explore why Cardano’s staking system stands out and why it might be the ideal choice for you. A Sustainable and Energy-Efficient Protocol…
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Non-custodial liquid staking
Non-custodial liquid staking in Cardano is a concept that allows you to stake your ADA tokens to earn rewards without having to lock them up for a specific period. Here’s a breakdown of how it works: In essence, non-custodial liquid staking provides flexibility and liquidity by letting you participate in staking while keeping your tokens…
