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Glossary

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DAO

Vcoincheck.io
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.
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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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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.
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DCOne Crypto

DCOne Crypto
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.
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DEX

Olga Hryniuk
Decentralized exchange. A type of crypto exchange with no intermediary, where users can securely trade their assets directly with other users.
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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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Data Immutability

Vcoincheck.io
refers to the fundamental characteristic where once recorded, data stored within blocks remains unchanged and unalterable. This permanence is achieved through cryptographic hashing and consensus mechanisms, ensuring that transactions and information recorded on the blockchain cannot be tampered with or modified retroactively. Immutable data provides assuran...
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Datum

Olga Hryniuk
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.
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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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Decentralized identifier (DID)

Olga Hryniuk
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.
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Decentralized identity

Olga Hryniuk
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.
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Delegation

Olga Hryniuk
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.
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Delegator

Vcoincheck.io
an individual or entity that delegates their stake or voting power to a stake pool operator (SPO). SPOs are selected based on the amount of ada they hold or "stake" in the network. By delegating their stake, delegators entrust the SPO with the responsibility of securing the network and validating transactions. In return, delegators can receive a portion of ...
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Determinism

Olga Hryniuk
The predictability of costs for a blockchain transaction. Cardano uses deterministic pricing, which means you know how much a transaction will cost before you make it. Protocol parameters, rather than network traffic, govern pricing on Cardano, so prices remain stable and low. No fees are charged for failed transactions, which differentiates Cardano from ind...
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Digital Signature

Vcoincheck.io
is a cryptographic mechanism that authenticates the origin and integrity of digital messages or transactions. Utilizing asymmetric cryptography, it involves the creation of a unique signature by the sender using their private key, which can be verified by anyone with access to the sender's corresponding public key. This process ensures that the message or tr...
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Distributed Ledger

Vcoincheck.io
refers to a decentralized database shared across multiple nodes, where transactions and data are recorded, stored, and synchronized in a transparent and immutable manner. Unlike traditional centralized ledgers, distributed ledgers on Cardano are distributed among a network of participants, enabling consensus mechanisms like Ouroboros to validate and agree u...
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Djed

Olga Hryniuk
Djed is a Cardano stablecoin announced in 2021 and issued by COTI – a crypto payments platform provider.
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Double spending

Vcoincheck.io
The act of spending the same coin/token more than once. It is a potential issue in decentralized digital payment systems where transactions are recorded on a blockchain or a similar distributed ledger. On the Cardano blockchain, double spending cannot occur due to the Extended UTXO accounting model.
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ERC20 converter

Olga Hryniuk
A tool that allows ERC20 tokens to be used on Cardano. Users benefit from a higher capacity of transaction processing, lower fees, and the greater security offered by the Ouroboros consensus protocol. SingularityNET’s AGIX token is the first token that users can move between Ethereum and Cardano.
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