As part of the Cardano sidechain toolkit, a chain follower is a general purpose component capable of reading and indexing events that occur on the main chain.
There are several tools that can fulfill this role, they include:
Blockfrost, an instant and scalable Cardano API for free
Carp, a modular indexer for Cardano with an SQL Postgres backend
Kupo, a ...
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.
The amount of work that can be done by different actors without blocking each other. Cardano’s EUTXO model allows transactions to be processed in parallel, which ultimately improves the throughput of the system while keeping the performance of individual operations the same.
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.
The total amount of stake that a stake pool controls. It combines the stake that is owned by the pool operator with any stake that has been delegated to the pool by other ada holders. It can be measured as a total ada amount (e.g., 3 million ada), or as a percentage of the total supply of ada within the network (e.g., 5%).
A fixed fee, in ada, which the stake pool operator takes from the pool rewards every epoch to cover the costs of running a stake pool. The cost per epoch is subtracted from the total ada rewarded to a pool, before the operator takes their profit margin. Whatever remains is shared proportionally among the delegators.
Refers to the ability of different blockchain networks or protocols to communicate, share data, and interact with each other seamlessly. It enables the transfer of assets, information, or functionality between multiple blockchain networks that operate independently.
An asset on the blockchain that serves as a medium of exchange for goods or services. Examples include Cardano's ada, Ethereum's ether, bitcoin and so on.
At its launch, Cardano's ada became the leading proof-of-stake cryptocurrency and one of the top 10 by market capitalization in January 2018.
DAO stands for decentralized autonomous organization. It refers to an organization that operates through smart contracts on a blockchain network. A DAO is designed to be autonomous, meaning it operates without the need for centralized control or intermediaries.
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 Cardano ecosystem interface map showing all projects and DApps on the Cardano blockchain accessible at DCOne Crypto. Explore the latest projects in the Cardano ecosystem and discover the potential of blockchain innovation.
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 piece of information that can be associated with a UTXO and is used to carry the script state such as its owner or the timing details of when the UTXO can be spent.
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 unique identifier that is not issued or controlled by a central authority. The controller of the DID (in the case of a person, the object of the DID) can prove ownership without requiring permission from any other party.
A system in which users retain control over their identity using a blockchain wallet. This technology ensures data is stored securely and protects privacy rights. Users choose when and with whom they share their identity and credentials, which the requester verifies on the blockchain.
The process whereby ada owners can assign their funds using their wallets to a stake pool. This helps maintain a computer server to run a node on the Cardano network. In exchange, delegators receive a share of the pool’s total rewards. Delegating your ada is totally safe because no ada leaves the user’s wallet.