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Glossary

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Hot wallet

Olga Hryniuk
A cryptocurrency wallet that can be accessed online to store currencies and make transactions. A hot wallet stores a collection of private keys and needs to be connected to the internet to process cryptocurrency operations.
0 up votes and 0 down votes. Total score

Haskell

Olga Hryniuk
A functional programming language with a focus on producing secure code.  Haskell is well suited to Cardano's high-assurance code, and the need for greater formal verification in the blockchain. Core parts of Cardano are written in Haskell and extensive testing processes ensure Plutus Core smart contracts work properly.
2 up votes and 0 down votes. Total score

Hardware wallet

Olga Hryniuk
A device that stores cryptocurrencies offline and can be connected to a computer to access the funds. Hardware wallets are secure and beneficial in terms of offline security and convenience as they can be carried around and used when needed.
0 up votes and 0 down votes. Total score

Hard fork

Olga Hryniuk
An irreversible change to a blockchain protocol. Cardano uses a hard fork combinator to ensure smooth upgrades. Unlike earlier blockchains, Cardano hard forks save the chain history and do not cause disruption for users.
1 up votes and 0 down votes. Total score

Governance

Olga Hryniuk
There is no single decision-maker controlling Cardano's growth and development. Instead, decentralized processes empower ada holders to make suggestions and collaborate on decisions. All ada holders can suggest a change through the Cardano improvement proposal (CIP) system, or participate in Project Catalyst to vote on what changes should be made.
1 up votes and 0 down votes. Total score

Goguen

Olga Hryniuk
The third phase of Cardano development that brought smart contract support.
0 up votes and 0 down votes. Total score

Game theory

Olga Hryniuk
The study of logical decision-making made by players within the defined parameters of a system. Game theory provides mathematical frameworks for predicting interactions between people in a system, where they are all looking out for their best interests. Cardano uses game theory to help avoid economic attacks on the network.
0 up votes and 0 down votes. Total score

Fungible token

Olga Hryniuk
A token that is identical to many others and can be traded is fungible. For example, one ada is the same as all others and so is fungible. Shares in a company, gold bars, and US dollars, for example, are all fungible. Cryptos are usually fungible, but there are also unique, non-fungible tokens (NFTs).
0 up votes and 0 down votes. Total score

Formal verification

Olga Hryniuk
The process of checking whether system design and the underlying algorithms are correct and satisfy the given requirements and properties. It is based on the formal methods of mathematics and is an integral part of IOG research. The core parts of Cardano are written in Haskell.
0 up votes and 0 down votes. Total score

Finality

Olga Hryniuk
The point in time when the result of a transaction becomes immutable and true for everyone on the blockchain.
0 up votes and 0 down votes. Total score

Fiat currency

Olga Hryniuk
A medium of exchange in the form of coins and banknotes issued by central banks. The US dollar, British pound, and Japanese yen are all fiat money.
0 up votes and 0 down votes. Total score

ERC20 converter

Olga Hryniuk
A tool that allows ERC20 tokens to be used on Cardano. Users benefit from a higher capacity of transaction processing, lower fees, and the greater security offered by the Ouroboros consensus protocol. SingularityNET’s AGIX token is the first token that users can move between Ethereum and Cardano.
0 up votes and 0 down votes. Total score

Epoch

Olga Hryniuk
A unit of time on Cardano. An epoch lasts for 120 hours, equivalent to 432,000 slots.
0 up votes and 0 down votes. Total score

Emurgo

Olga Hryniuk
A global blockchain solutions provider that focuses on the promotion of Cardano-based commercial applications. Emurgo is one of the three founding organizations of Cardano. The other two are IOG and the Cardano Foundation.
1 up votes and 0 down votes. Total score

Djed

Olga Hryniuk
Djed is a Cardano stablecoin announced in 2021 and issued by COTI – a crypto payments platform provider.
0 up votes and 0 down votes. Total score

DEX

Olga Hryniuk
Decentralized exchange. A type of crypto exchange with no intermediary, where users can securely trade their assets directly with other users.
0 up votes and 0 down votes. Total score

Determinism

Olga Hryniuk
The predictability of costs for a blockchain transaction. Cardano uses deterministic pricing, which means you know how much a transaction will cost before you make it. Protocol parameters, rather than network traffic, govern pricing on Cardano, so prices remain stable and low. No fees are charged for failed transactions, which differentiates Cardano from ind...
1 up votes and 0 down votes. Total score

Delegation

Olga Hryniuk
The process whereby ada owners can assign their funds using their wallets to a stake pool. This helps maintain a computer server to run a node on the Cardano network. In exchange, delegators receive a share of the pool’s total rewards. Delegating your ada is totally safe because no ada leaves the user’s wallet.
0 up votes and 0 down votes. Total score

Decentralized identity

Olga Hryniuk
A system in which users retain control over their identity using a blockchain wallet. This technology ensures data is stored securely and protects privacy rights. Users choose when and with whom they share their identity and credentials, which the requester verifies on the blockchain.
0 up votes and 0 down votes. Total score

Decentralized identifier (DID)

Olga Hryniuk
A unique identifier that is not issued or controlled by a central authority. The controller of the DID (in the case of a person, the object of the DID) can prove ownership without requiring permission from any other party.
0 up votes and 0 down votes. Total score