Skip to content

Glossary

232 Results
Refine by:
Sort by:

Ouroboros BFT

Olga Hryniuk
A version of Ouroboros deployed in May 2020 to prepare Cardano for decentralization as part of the Shelley development phase.
0 up votes and 0 down votes. Total score

Ouroboros Chronos

Olga Hryniuk
A version of Ouroboros designed to use a system clock based on blockchain technology. This removes the potential for attacks on blockchains that rely on external time sources such as the internet’s Network Time Protocol.
0 up votes and 0 down votes. Total score

Ouroboros Classic

Olga Hryniuk
A version of Ouroboros deployed on Cardano in December 2017. It established the foundation for an energy-efficient, proof-of-stake consensus protocol.
0 up votes and 0 down votes. Total score

Ouroboros Crypsinous

Olga Hryniuk
The Crypsinous version of Ouroboros aims to provide security against adaptive attacks and introduces secure encryption relying on Snarks. Crypsinous is currently not planned for deployment on Cardano.
0 up votes and 0 down votes. Total score

Ouroboros Genesis

Olga Hryniuk
This version of Ouroboros is planned to be deployed in 2023. Genesis adds a novel chain selection rule that enables new or offline parties to safely rejoin the blockchain without a need to do so from the genesis block. This provides the same security guarantees and simplifies the bootstrapping procedure for nodes that were offline for a long period of time.
1 up votes and 0 down votes. Total score

Ouroboros Praos

Olga Hryniuk
This version of Ouroboros was deployed in August 2020. Praos introduced decentralized block production by stake pools. It also implemented a novel incentive mechanism for participating in block production and introduced mechanisms to defend against Sybil attacks.
0 up votes and 0 down votes. Total score

Parallelism

Olga Hryniuk
A system’s ability to allow multiple actors to progress on their tasks simultaneously without interfering with each other. On Cardano, parallelism goes hand in hand with concurrency, another key advantage of the EUTXO model. As parallelism aligns the transactions, concurrency processes them simultaneously. Thus, the maximum achievable parallelism increases a...
0 up votes and 0 down votes. Total score

Payment address

Vcoincheck.io
Refers to an address used for receiving or sending ADA. Cardano uses a unique address format that differs from many other cryptocurrencies, such as Bitcoin or Ethereum. It consists of two parts: the payment address and the stake address, which involves staking ADA to earn rewards. These addresses can start with "addr" and are case-insensitive. For example: ...
0 up votes and 0 down votes. Total score

Peer-to-peer (P2P)

Olga Hryniuk
Cardano nodes connect to each other directly, without relying on any intermediary. Direct communication means the network is faster and more efficient. Also, because no single point of potential failure exists, the network is more resilient. P2P also simplifies the process of running a relay node (one of the nodes run by stake pool operators, which does not ...
1 up votes and 0 down votes. Total score

Performance

Olga Hryniuk
A measure of the efficiency of a stake pool, given as a percentage, is measured by how many blocks the stake pool has produced (and that are recorded on the main chain) compared to how many it was nominated to produce. For example, if a pool only produces half the number of blocks that were nominated, its performance rating is 50%. This could happen because ...
0 up votes and 0 down votes. Total score

Pipelining

Ivan Irakoze
The process of optimizing code in order to significantly improve block propagation times by reducing the ‘dead time’ between blocks. Thus improving the Cardano user experience.
0 up votes and 0 down votes. Total score

Plutus

Morgan
A programming language and a set of tools for writing and testing smart contracts to be used on Cardano. Plutus is based on Haskell and provides a safe, full-stack programming environment.
1 up votes and 0 down votes. Total score

Plutus Pioneer Program

Morgan
Plutus Pioneer program is a scheme to recruit and train developers to write Plutus smart contracts on Cardano. Participants gain access to a set of courses about how to code in both Haskell and Plutus. The program is interactive, with weekly videos, exercises, and Q\&A sessions, along with access to experts in the language.
0 up votes and 0 down votes. Total score

PoS: proof of stake

Ivan Irakoze
A consensus mechanism for processing transactions and adding new blocks to a blockchain. Proof-stake validates entries on the blockchain while also keeping it secure and contributing to Cardano's decentralization.
0 up votes and 0 down votes. Total score

Policy ID

Vcoincheck.io
is a unique cryptographic fingerprint or hash generated from minting script. It serves as a way to uniquely identify and verify the policy associated with a specific native token or set of native tokens. This fingerprint allows users to validate that the policy for a token adheres to the predefined rules. Policy ID is an integral part of Cardano's multi-ass...
0 up votes and 0 down votes. Total score

Project Catalyst

Morgan
Project Catalyst is a decentralized innovation fund for Cardano projects set up in 2020. Within two years, 30,000 members had set hundreds of projects underway with a treasury worth $1 billion ada. The project marked the start of Cardano’s Voltaire phase and is one of the world’s largest examples of on-chain governance.
0 up votes and 0 down votes. Total score

Quantum computing

Ivan Irakoze
A fast-developing technology that uses the principles of quantum physics to solve issues that are too complicated for conventional computers.
0 up votes and 0 down votes. Total score

RealFi

Morgan
Real-world finance. An IOG initiative started in Africa in 2021 to provide people with fair opportunities in terms of finance and identity management. RealFi aims to deliver real finance for real people, creating value and opportunity for everyone across the globe.
0 up votes and 0 down votes. Total score

Recovery phrase

Vcoincheck.io
also known as 'mnemonic phrases,' is a list of words (usually 12, 15, or 24 words). The words in a mnemonic phrase are derived from a random source of entropy and can be used to restore access to the wallet and its associated funds if the original wallet is lost, stolen, or becomes inaccessible. When you create a Cardano wallet, the wallet software typicall...
0 up votes and 0 down votes. Total score

Redeemer

Olga Hryniuk
A piece of information that can be associated with a UTXO and attached to the input transaction to unlock funds from a script.
0 up votes and 0 down votes. Total score