As stated by Emurgo (EMURGO is a founding entity of the Cardano blockchain and provides products & services to drive the adoption of Cardano), "Building a self-sufficient and community-focused governance system for Cardano is a complex matter requiring various technical and non-technical aspects to work together. To test and refine this system, Cardano uses a specialized testing environment called...
Cardano's Impressive Leap Forward... In a turn of events for the Cardano network and its enthusiasts, 2023 was a year marked by monumental growth and innovation. With its Total Value Locked (TVL) skyrocketing by an astounding 693% year-over-year and a significant 166% quarter-over-quarter increase, Cardano's ecosystem has not just expanded; it's exploded. This remarkable surge catapulted Cardan...
The following blog post will dive into the details around the evolution from the UTXO to the EUTXO model, focusing on the technical advancements and theoretical foundations that promise to enhance the blockchain landscape. The Extended UTXO Model: A Look into Blockchain's Expressiveness and Security In crypto, Bitcoin stands as the pioneer, introducing the world to a decentralized ledger sy...
Cardano is on the brink of a revolutionary leap forward with its upcoming Chang Hard Fork, slated for early 2024. This significant upgrade is not a routine update but a major milestone in Cardano's roadmap, marking its first major technical achievement towards establishing a minimum-viable, community-run government. This blog post dives into the details of the Chang Hard Fork, exploring its featur...
Key Takeaways: Despite a flat quarter-over-quarter (QoQ) performance, Cardano's Total Value Locked (TVL) witnessed a substantial 198% YTD growth. The network's TVL ranking across all networks notably improved, climbing from 34th at the beginning of 2023 to an impressive 15th. Regarding Stablecoins, Cardano experienced a notable 16% increase QoQ and an impressive 461% surge YTD. The initial p...
Covered Topics: - Total Value Locked on Cardano - Engagement Metrics - dApp Ecosystem - Stablecoin Market - Staking - Regulatory Uncertainty Cardano's Impressive Growth and Challenges in Q2 2023: In the dynamic world of cryptocurrency, Cardano has made substantial strides thus far in 2023. The Total Value Locked (TVL) in USD surged by a remarkable 9.7% QoQ, and an astonishing 198.6%...
Covered Topics: What are Dev Commits? Why are they Important? Blockchain developers are responsible for developing and optimizing protocols, crafting the architecture of blockchain systems, developing smart contracts and web apps using blockchain technology. So what's a dev commit you might be wondering? A commit is an operation which sends the latest changes of the source code to the repos...
Covered Topics: - What is Mithril? - Stake-Based Signature Protocol, what does it mean? - Main Components of Mithril - Benefits and Significance of Mithril... In a significant development for the Cardano ecosystem, the stake-based protocol, Mithril, is officially live on the Cardano Mainnet as of July 29th, 2023. Cardano’s scalability team launched the Mithril protocol’s mainnet beta, wh...
Covered Topics: - Mainnet Launch - What are Smart Contracts? - Advantages of Marlowe - Marlowe Architecture July 5th: From Official Marlowe Twitter Account 💥Big day for the #Marlowe team at @InputOutputHK. Joined by the community, we’re celebrating the launch of #Marlowe, a set of tools that simplifies the development of secure smart contracts and applications on #Cardano, at @Poolside...
“In general, the art of government consists of taking as much money as possible from one class of citizens to give to another.” -Voltaire The transition of Cardano into the Voltaire Era is a significant milestone in the platform's development. Voltaire represents the introduction of a decentralized governance model to Cardano, revolutionizing the decision-making process within the network. Th...
Haskell vs Plutus vs Marlowe: Haskell is the functional programming language used for both. Plutus is for more general smart contracts (any type of smart contracts) and Marlowe is designed specifically for Financial smart contracts. --------------------------------------------------------------------------------- Haskell, The chosen programming language for Cardano, is a robust and ...
Ouroboros is the consensus protocol for Cardano, the first provably secure proof-of-stake protocol, and the first blockchain protocol based on peer-reviewed research. It is a special system used in the Cardano and Polkadot blockchains to make decisions and agree on things. It's like a family of rules that allow these blockchains to work. Think of it as a group of protocols that help the blockch...
A hard fork is a significant change in a blockchain's structure that can lead to the creation of a new cryptocurrency. It happens when the blockchain's protocol or rules are updated, making the old version incompatible with the new one. This means that after a hard fork, there are two separate versions of the blockchain, and the history of the old one is not carried over to the new one. How...
BTCvsETHvsADA Bitcoin (BTC) is a Generation 1 Blockchain. Essentially a store of value and nothing more than P2P. It’s digital gold, a Proof-of-Work algorithm. Society deems its value, it can also be worthless. "...sell me the value of this pen." Ethereum (ETH) is a Generation 2 Blockchain, is programmable and used for digital currency and trading but also as a platform whe...
Developing on the Cardano blockchain can be a bit complex, but here are some general steps to give you an idea of the process: Familiarize yourself with the Cardano blockchain: Before you start developing on the Cardano blockchain, you should have a solid understanding of how it works. This includes its structure, consensus algorithm, and the programming languages used to create smart contracts...
Be sure to check out Cardano's official roadmap online for more details, we'll be adding it soon! - https://roadmap.cardano.org/en/ The Byron era of Cardano was the first stage of the blockchain's development, which focused on creating the basic structure of the network. It introduced important features such as a system to help secure the network and a way to fund its growth. Additionally, it...