Proof of Stake represents a fundamental change in the underlying model of blockchain design. Bitcoin introduced the Proof of Work model wherein excessive computing power, and money, was invested in finding a hash above a certain threshold; a miner who met that...
Cardano, the first third-generation blockchain to emerge out of a research-first approach, uses ADA as its native cryptocurrency token. Despite ADA being at the center of the Cardano ecosystem, the reason for its existence may not always be clear. For newcomers and...
Introduction: What is Decentralization? Decentralization is defined in the Merriam-Webster dictionary as the following:“the dispersion or distribution of functions and powers”Within the context of a blockchain, a large aspect of decentralization is the...
Starting from the Beginning: Initial Coin Offerings (ICOs) In 2016, ICOs started gaining traction within the blockchain and crypto community. The hype exploded exponentially, and by Q2 2017, the concept of ICOs and the desire for easy profits had spread to both VCs...
Unspent Transaction Outputs (UTxOs) are an important concept for new Cardano developers to understand. Every transaction on the Cardano Settlement Layer (SL) has at least one input and at least one output. The amount of funds in your wallet is the sum of all your...
What is a Security Token Offering?A Security Token Offering (STO) is when digital tokens are sold as securities. A security is simply an investment contract. In the United States, a test called the Howey Test sets out what exactly is an investment contract. An...
*Updated: Please read here for an updated tutorial on how to connect Yoroi Wallet with a Ledger Wallet device. Yoroi, a Cardano light wallet by EMURGO, now supports the Ledger hardware wallet. Hardware wallets make it possible to sign transactions using a device...
