A way to encourage participants in the system to engage in the network by rewarding them with a return that is proportional to their efforts. Incentives aim to ensure equality and fairness in a distributed network of participants by encouraging consistent, active, and strong participation. Cardano's incentives model uses game theory to calculate the incentiv...
Aims to enable interconnection between blockchains. Cross-chain transfers and the ‘internet of blockchains’ will grant enhanced user experience and functionality. Sidechains and the AGIX ERC20 converter support Cardano's interoperability.
K Ethereum Virtual Machine. It allows developers to experiment with any smart contract that can be run on the EVM, and offers improved security and performance.
A set of two keys: public verification key and private signing key. These keys are used to process and approve transactions within the blockchain.The public key is the address used as a sending or receiving address in a transaction. The private key is the secret that controls access to assets.
Anyone can send assets to a public key address
It is quick and ...
The main blockchain ledger that operates on the underlying consensus protocol. This layer includes protocol parameters that control capabilities such as scalability and throughput.
An additional, off-chain protocol that works on top of the layer 1 blockchain. Parties can securely transfer funds from the blockchain into an off-chain protocol, settle transactions in this protocol independently of the underlying chain, and safely transfer funds back to the underlying chain as needed. Layer 2 protocols improve overall throughput and scalab...
A cryptocurrency wallet that does not need to download the full history of blockchain records. Instead, the wallet links into a website where the full blockchain is accessed. This makes a light wallet faster and easier to use.
A hybrid of direct and representative democracy to be used in Voltaire. Liquid democracy enables the treasury system to take advantage of expert knowledge in a voting process, as well as ensure that all ada holders are granted an opportunity to vote. For each project, a voter can either vote directly or delegate their voting power to a member of the communit...
Cardano’s delegation mechanism is based on liquid staking, meaning that staked funds are never locked and can be spent at any time. Other platforms use a third-party protocol to make staked tokens liquid, which has the potential to introduce security problems.
The process of creating or adding new coins or tokens to support the demand for transactions on a DEX. Liquidity miners (providers) usually get rewards that incentivize them to support the user base and grow liquidity pools with deposited cryptocurrencies.
A liquidity pool is a pool of funds contributed by users that are used to facilitate trades on a decentralized exchange (DEX). In a liquidity pool, users deposit equal amounts of two different cryptocurrencies, which are used to create a market for those tokens. The price of the tokens in the pool is determined by an algorithm that maintains a balance betwee...
The sub unit for ada. One ada = 1,000,000 lovelaces. The name comes from Ada Lovelace, the daughter of Lord Byron who became a mathematician and programmer with her work on Charles Babbage's Analytical Engine project.
A measure used by crypto exchanges to rank coins. The ‘market cap’ is calculated by multiplying the number of coins in circulation by the coin price on the day.
A web-based platform to build and run smart contracts visually, without needing deep programming knowledge. Marlowe provides developers with user-friendly solutions to effortlessly create, utilize, and monetize secure smart contracts, regardless of their level of expertise in software development.
A browser-based tool for writing and testing Marlowe smart contracts. Its purpose is to encourage developers who have no Haskell or Javascript experience to build financial products on Cardano.
How a node stores information about unconfirmed transactions. The mempool is essentially a holding area for transactions that haven't been included in a block yet.