The property of a system that provides independence from a central governing authority. Cardano is supported by more than 3,000 stake pool operators across the globe who help validate network activities. Peer-to-peer connections and fair governance using Project Catalyst and Voltaire all contribute to Cardano’s decentralization mission.
A digital (decentralized) application that runs on the blockchain. Just like a mobile app runs on your iOS or Android device, a Cardano DApp runs on the Cardano blockchain. There are various categories of DApps, such as DeFi products, NFT markets, wallets, exchanges, games, and more.
A secure wallet for the ada cryptocurrency that manages balances and enables sending and receiving payments. Daedalus is a full node wallet, which means that it downloads a full copy of the Cardano blockchain and independently validates every transaction in its history.
A way for a blockchain to agree between all its participants that a transaction is valid. An agreement must be made on which blocks to produce, which chain to adopt, and to determine a single state for the network. The consensus protocol for Cardano is Ouroboros – the first consensus protocol proven to be secure through academic peer review.
An offline wallet used for storing cryptocurrencies. Because cold wallets are not connected to the internet, stored assets incur less risks of tampering. This is also known as cold storage.
Cardano improvement proposal. Any ada holder can suggest an improvement to Cardano. CIPs are community-reviewed; proposals and their history are maintained on the Cardano Foundation’s CIP GitHub repository.
An early-stage investment fund focused on innovative companies primarily using the Cardano blockchain and its technology. The cFund is managed by Wave Financial and IOG.
An independent, Swiss-based non-profit organization that supervises the development of the Cardano blockchain, while shaping legislation and commercial standards. Its mission is to ‘ensure the positive advancement of the Cardano protocol, while also contributing to the positive advancement of blockchain as a world-changing technology.’ Cardano Foundation is ...
The first phase of Cardano development focused on implementing the core transactional platform and community growth. Byron implemented the Ouroboros proof-of-stake consensus protocol.