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Glossary

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Decentralization

Olga Hryniuk
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.
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DApp

Olga Hryniuk
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.
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Daedalus

Olga Hryniuk
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.
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Consensus

Olga Hryniuk
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.
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Cold wallet

Olga Hryniuk
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.
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CIP

Olga Hryniuk
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.
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cFund

Olga Hryniuk
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.
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Cardano stack exchange

Olga Hryniuk
A community-driven resource providing questions and answers for users and developers of Cardano.
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Cardano Foundation

Olga Hryniuk
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 ...
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Byron

Olga Hryniuk
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.
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Basho

Olga Hryniuk
Cardano development phase that focuses on scalability and performance improvements.
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Asset

Olga Hryniuk
An item on the blockchain that has a value, such as ada or a token.
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