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Glossary

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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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EUTXO: extended unspent transaction output

Olga Hryniuk
The accounting model used by Cardano. This is an extended version of Bitcoin’s unspent transaction output model. EUTXO brings greater security, ensures fees are predictable and can process a large number of transactions in parallel. It also supports different types of assets and smart contracts, without compromising the advantages of UTXO. EUTXO’s concurrenc...
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EVM sidechain

Olga Hryniuk
The Ethereum virtual machine (EVM) sidechain is the first sidechain built and released by IOG, with the goal of opening Cardano up to Solidity developers. The EVM sidechain allows the Solidity developer community to build DApps on a lower-fees and environmentally friendly platform that consumes far less energy than proof-of-work blockchains.
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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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Edwards-curve Digital Signature Algorithm (EdDSA)

Olga Hryniuk
Cardano uses the Edwards-curve Digital Signature Algorithm (EdDSA) with elliptic curve Curve25519 as its base curve (aka. Ed25519). This gives fast signature verification and small signature sizes, which helps to improve the overall performance and security of the blockchain. Additionally, Ed25519 is designed to be resistant to certain types of cryptographic...
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Elliptic Curve Cryptography (ECC)

Olga Hryniuk
ECC is used for developing cryptographic protocols and secure applications. ECC provides the same level of security as other mechanisms while using shorter keys and signatures. Examples of elliptic curves include Standards for Efficient Cryptography (SECP) signatures such as Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr.
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Emurgo

Olga Hryniuk
A global blockchain solutions provider that focuses on the promotion of Cardano-based commercial applications. Emurgo is one of the three founding organizations of Cardano. The other two are IOG and the Cardano Foundation.
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Epoch

Olga Hryniuk
A unit of time on Cardano. An epoch lasts for 120 hours, equivalent to 432,000 slots.
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External address

Vcoincheck.io
refers to a Cardano address that is used for receiving ADA from external sources. These external sources can include other users, exchanges, or any entity that wishes to send ADA to your wallet. External addresses typically do not expire. User can continue to use the same external address to receive ADA for an extended period. However, for privacy reasons, ...
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FOMO

Vcoincheck.io
FOMO stands for "Fear Of Missing Out" It's a feeling of anxiety or apprehension that one might miss out on a rewarding or exciting experience that others are having. FOMO can have a negative impact on mental health, as it can lead to stress, dissatisfaction, and a sense of loneliness or isolation.
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FUD

Vcoincheck.io
FUD stands for "Fear, Uncertainty, and Doubt" It's a tactic that is often used in marketing, politics, and other forms of communication to create a sense of fear or apprehension among the audience. FUD can be used to discourage people from taking a certain action. The goal of FUD is to manipulate people's emotions and influence their behavior by making them...
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Faucet

Olga Hryniuk
A web-based service that provides free tokens for testnets. Cardano testnets faucet can be found here.
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Fee

Olga Hryniuk
The amount of ada charged for processing a transaction on Cardano.
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Fee market

Ivan Irakoze
Cardano's fee strategy is based primarily on market demand rather than the actual supply. Research continues to be done on how Cardano can evolve to offer a fair structure of fee tiers that provides the best balance between managing demand and maintaining reasonable costs. Ultimately, the Cardano community will vote on whether or not to implement this tiered...
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Fiat currency

Olga Hryniuk
A medium of exchange in the form of coins and banknotes issued by central banks. The US dollar, British pound, and Japanese yen are all fiat money.
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Finality

Olga Hryniuk
The point in time when the result of a transaction becomes immutable and true for everyone on the blockchain.
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Flash loan

Vcoincheck.io
A type of cryptocurrency loan that allows borrowers to borrow funds without providing any collateral or undergoing a credit check. Flash loans are typically offered through decentralized finance (DeFi) platforms and are executed using smart contracts on a blockchain. The loan is approved and disbursed almost instantly, and the borrower is required to repay t...
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Formal verification

Olga Hryniuk
The process of checking whether system design and the underlying algorithms are correct and satisfy the given requirements and properties. It is based on the formal methods of mathematics and is an integral part of IOG research. The core parts of Cardano are written in Haskell.
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