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.
refers to the process by which stakeholders participate in governance decisions by casting votes on proposals and protocol upgrades. Leveraging the decentralized nature of Cardano, stakeholders use their voting power, determined by their holdings of ada, to influence the direction and development of the ecosystem.
Through transparent and auditable voting me...
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.
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...
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.
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 ...
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...
represents a unique and transferable unit of value or ownership recorded in a digital format using cryptographic techniques. Digital assets which can include cryptocurrencies like ada, as well as tokens representing real-world assets, digital collectibles, or utility tokens, are securely stored and transferred on the Cardano blockchain.
refers to a secure and verifiable representation of an individual, organization, or entity in the digital realm. It encompasses personal attributes, credentials, and biometric data that are cryptographically stored and managed on the blockchain, providing users with control over their identity and enhancing privacy, security, and interoperability across digi...
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...
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...