• What’s the difference between eras, intra-eras, forks, and development phases in Cardano?

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    Mike Baxter
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    In Cardano, eras, intra-eras, forks, and development phases refer to different stages or changes in the network’s evolution. Each term highlights a specific aspect of how the blockchain is upgraded or organized. Here’s the difference between these concepts: 1. Eras 2. Intra-Eras 3. Forks 4. Development Phases How They Interrelate: Conclusion In essence, eras are…

  • List of Cardano Hard Forks

    List of Cardano Hard Forks

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    Mike Baxter
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    Cardano has undergone several hard forks since its launch, each one marking a significant upgrade to its blockchain. These hard forks have introduced new features, improvements, and functionalities to enhance Cardano’s performance, scalability, and programmability. Hard forks in Cardano do not signify division and differences within the ecosystem. On the contrary, they define a specific…

  • Non-custodial Transactions

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    Mike Baxter
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    Non-custodial transactions on Cardano refer to transactions where users maintain full control of their funds throughout the entire process. This means that at no point during the transaction does a third party (like an exchange or intermediary) take custody or control over the user’s assets. Instead, the users themselves initiate and manage transactions directly from…

  • Why the Crypto World Is Excited About Cardano’s Hydra

    Why the Crypto World Is Excited About Cardano’s Hydra

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    Mike Baxter
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    The blockchain space has seen exponential growth in recent years, but along with that growth comes one of the biggest challenges: scalability. As more users join and transactions increase, many blockchains struggle to maintain speed, efficiency, and low fees. This is where Cardano’s Hydra comes in—a layer 2 solution designed to scale the network without…

  • What is Cardano’s Current Channel Capacity?

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    Mike Baxter
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    Cardano’s channel capacity—or more specifically, its transaction processing capacity—varies depending on factors like block size, network performance, and ongoing optimizations. Currently, Cardano is designed to handle around 250 transactions per second (TPS) on its base layer. This TPS is not fixed, however, as the network is continuously evolving to improve scalability and capacity. Cardano’s scaling…

  • Channel Capacity (Blockchain)

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    Mike Baxter
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    In the context of the Cardano blockchain, channel capacity typically refers to the maximum amount of information or transactions that can be transmitted across the network within a given time frame. This concept is crucial for understanding how much data the network can handle, particularly when it comes to processing transactions or smart contract executions…

  • How does Proof of Stake (PoS) solve the Byzantine Generals Problem on Cardano?

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    Mike Baxter
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    Proof of Stake (PoS) is a consensus mechanism used by blockchain networks like Cardano to solve the Byzantine Generals Problem, which is essentially the challenge of reaching agreement (consensus) in a distributed system even when some participants might act dishonestly or maliciously. Here’s how PoS helps resolve this issue on Cardano: Key Principles of Proof…

  • Yield Farming

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    Mike Baxter
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    Yield farming is a decentralized finance (DeFi) practice where users lend or stake their cryptocurrency assets in liquidity pools or other DeFi protocols to earn rewards, typically in the form of additional cryptocurrency tokens. The primary goal of yield farming is to maximize returns on crypto holdings by utilizing various DeFi platforms. How Yield Farming…

  • Liquidity pools

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    Mike Baxter
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    Liquidity pools are collections of cryptocurrency tokens that are locked in smart contracts and used to facilitate trading on decentralized exchanges (DEXs) like those powered by automated market makers (AMMs). These pools provide the liquidity necessary for users to trade cryptocurrencies without relying on traditional order books and intermediaries, as seen on centralized exchanges. Key…

  • Automated Market Maker (AMM)

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    Mike Baxter
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    An Automated Market Maker (AMM) is a type of decentralized exchange (DEX) mechanism that allows users to trade cryptocurrencies without the need for a traditional order book and intermediaries. Instead of matching buyers and sellers like on traditional exchanges, an AMM uses a mathematical formula and liquidity pools to facilitate trades directly between users and…