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Glossary

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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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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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ISPO: initial stake pool offering

Olga Hryniuk
A way to raise funds for DApps or projects on Cardano. A project offers its users tokens usable within its DApp in exchange for these users delegating their stake to the project’s pool. This increases the pool’s margin and helps it gain more rewards. Users receive staking rewards and benefit by getting utility tokens. There is no risk of losing funds because...
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Fee

Olga Hryniuk
The amount of ada charged for processing a transaction on Cardano.
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EVM: Ethereum virtual machine

Ivan Irakoze
A computing engine that functions as a decentralized computer with millions of projects that can be executed. It serves as the foundation for Ethereum's complete operating system. EVM is the component of Ethereum that handles smart contract execution and deployment.
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Cardano roadmap

Ivan Irakoze
A summary of Cardano’s development through five essential themes (Byron, Shelley, Goguen, Basho, and Voltaire). Each development theme is centered around a set of functionalities meant to significantly and steadily improve the Cardano blockchain. A research-driven methodology is prioritized to ensure security and correctness over the speed of development.
1 up votes and 0 down votes. Total score

Cardano

Olga Hryniuk
An open-source permissionless blockchain platform built on the Ouroboros proof-of-stake protocol. Cardano was launched in 2017 to address issues with earlier blockchains such as high energy use, limited interoperability, and scalability challenges. Cardano is being developed in five phases: Byron (completed 2019), Shelley (decentralization, 2020), Goguen (sm...
2 up votes and 0 down votes. Total score

Block time

Olga Hryniuk
The average time between blocks. In early 2022, Ethereum’s block time was  12-14 seconds, Cardano’s 20 seconds, and Bitcoin’s 10 minutes.
1 up votes and 0 down votes. Total score

Block

Olga Hryniuk
A set of validated transactions on the network. Blocks contain cryptographic information from previous blocks, and also new transaction data.
1 up votes and 0 down votes. Total score

Batching

Ivan Irakoze
A technique that allows for multiple payments to be included in a single on-chain transaction. Hence reducing transaction fees.
1 up votes and 0 down votes. Total score

Ada

Olga Hryniuk
Ada is Cardano’s native currency, which is named after Ada Lovelace, the English mathematician and programmer. Ada can be used to pay transaction fees on the Cardano network and can also be delegated as stake to a stake pool, helping to secure the Cardano blockchain. Delegating ada allows the user to receive rewards for doing so. All rewards are distributed...
1 up votes and 0 down votes. Total score

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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Order book

beddowben@gmail.com
An order book is the method of currency exchange used in traditional markets. In DEXs, an order book method is used to allow users to transfer assets in a decentralized manner. It a list of open buy and sell offers made by users for a specific number of assets. Every buy order needs to be matched with a sell order. For example, a user makes an offer to sell...
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Certification

Olga Hryniuk
A high level of assurance is key when developing and working with smart contracts and decentralized applications (DApps). Applications in Cardano’s DApp Store will have the option to meet and display up to three levels of certification.
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DApp Store

Olga Hryniuk
A website where users will be able to download both certified and uncertified applications that run on the Cardano blockchain. See also Certification.
2 up votes and 0 down votes. Total score

Blockchain bridge

beddowben@gmail.com
A protocol or platform that allows tokens to be ported from one blockchain to another, where they can be used for payments or to interact with decentralized applications (DApps). Blockchain bridges facilitate chain interoperability and can be either bidirectional or unidirectional. Tokens are locked on their native chain by either sending them to a smart con...
1 up votes and 0 down votes. Total score

Testnet

Morgan
A prototype network where users can experiment with the new features and code to provide feedback before a live mainnet launch.
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Sustainability

Morgan
Cardano is a proof-of-stake blockchain and has been estimated to use electricity equivalent to 57 US homes, which can be met by a single wind turbine. The founders of Cardano set out to tackle the unsustainability of proof-of-work blockchains at the outset. In 2021, academics and researchers reckoned that Bitcoin and Ethereum used as much power as a country ...
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Stake

Morgan
Every ada holder has a stake in the network that they can delegate to a pool from their wallet. The process is safe because no ada leaves the user’s wallet.
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Third-generation blockchain

Morgan
A blockchain that aims to resolve fundamental issues of the first two generations (Bitcoin and Ethereum). Third-generation blockchains focus on improved scalability, interoperability, and self-sustainability. Cardano is a third-generation blockchain.
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