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Incentive

Olga Hryniuk
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...
0 up votes and 0 down votes. Total score

Interoperability

Olga Hryniuk
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.
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Jormungandr

Ivan Irakoze
A Rust-coded node implementation with the goal of supporting Ouroboros-based consensus protocols.
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KEVM

Olga Hryniuk
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.
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Key pair

Olga Hryniuk
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 ...
1 up votes and 0 down votes. Total score

Layer 1

Olga Hryniuk
The main blockchain ledger that operates on the underlying consensus protocol. This layer includes protocol parameters that control capabilities such as scalability and throughput.
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Layer 2

Olga Hryniuk
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...
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Ledger

Olga Hryniuk
A database of blockchain records. On Cardano, more than 3,000 stake pools distributed worldwide operate and maintain this ledger.
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Light wallet

Olga Hryniuk
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.
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Liquid democracy

Olga Hryniuk
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...
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Liquid staking

Olga Hryniuk
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.
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Liquidity mining

Olga Hryniuk
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.
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Liquidity pool

Vcoincheck.io
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...
1 up votes and 0 down votes. Total score

Local state

Ivan Irakoze
This represents immutable data that makes smart contract execution on the EUTXO model highly deterministic (predictable).
1 up votes and 0 down votes. Total score

Lovelace

Olga Hryniuk
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.
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Mainnet

Olga Hryniuk
The live blockchain. Cardano upgrades are assessed on a testnet before being released on the mainnet.
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Market capitalization

Olga Hryniuk
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.
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Marlowe

Olga Hryniuk
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.
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Marlowe Playground

Olga Hryniuk
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.
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Mempool

Ivan Irakoze
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.
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