@genius-academy

As mentioned in the previous article, in order to build a transaction on Atlas you will need access to live blockchain data. For this reason, Atlas must be configured with a data provider to interface with Cardano.

The Atlas framework significantly abstracts away the complexity that comes with building Cardano transactions and interacting with Plutus smart contracts.

The term "Web3" was originally coined in 2014 by Gavin Wood, known as founder of Polkadot and co-founder of Ethereum, who referred to Web3 as a "decentralized online ecosystem based on blockchain".

Though the bear market continues in 2023, Cardano is determined to make significant strides in its journey towards becoming the world's most advanced blockchain platform.

Non-Fungible Tokens (NFTs) have been making headlines in recent months as a revolutionary new way to own and trade digital assets. But what exactly are NFTs, and how do they relate to the concept of tokenization? In this article, we'll explore how NFTs, and tokenization can be used to eliminate the need for credit cards and prevent identity theft in the digital world.

In November 2022, Input Output Global (IOG) announced Midnight, a data protection-based sidechain solution for Cardano. One of the key features of Cardano's architecture is the ability to deploy sidechains, which are essentially separate blockchains that can interact with the main Cardano chain. In this article, we will explore Midnight and understand what the benefits for users and developers will be.

All retailers must use various ways to protect their customer’s personal information, which are costly and are at risk of counterfeiting, leaking of information, etc.

In 2014, Mt Gox Exchange almost buried Bitcoin and the entire cryptocurrency industry when a devastating hack saw the loss of $400 million worth of digital assets. At that time, the cryptocurrency exchange commanded over 80 percent of BTC trading volumes. It shook the crypto world to its core, sending long-lasting reverberations. Many subsequent exchanges would learn from the exchange’s lessons even though some hacks like CoinCheck came later. This latter event took place in January 2018, with over $510 million of users’ hard-earned funds being lost.

Cardano is a decentralized public blockchain platform that facilitates peer-to-peer transactions through its native cryptocurrency, ADA. By market capitalization, Cardano is one of the biggest cryptocurrencies in the world. Today, it is one of the fastest growing ecosystems with over 3.3 million wallet addresses, hundreds of dApps being developed, and billions of dollars in transactions each week.

Blockchain technologies are decentralized ecosystems managed by consensus mechanisms where the majority of parties (i.e., more than 50%) eventually agrees to the same reality. Consensus is a mechanism that helps a distributed network establish agreement on the validity of some shared data. Blockchain transactions are confirmed by employing a consensus mechanism among the various nodes in the network.

Do you Pay Taxes on Your Crypto? Yes, in the majority of countries you have to pay tax on your crypto. How it is taxed, however, differs from country to country.

Cardano’s development has been organized into five phases: Byron, Shelley, Goguen, Basho, and Voltaire. Each phase is centered around a set of functionalities delivered during its duration.

Cardano is a 3rd generation blockchain platform which is more scalable and energy efficient by design compared to previous generations of blockchain like Bitcoin and Ethereum. The native currency of the Cardano ecosystem is called ADA, named after Ada Lovelace, the 19th-century mathematician often referred to as the “world’s first computer programmer”, and is the daughter of the poet Lord Byron.

You might already know that the Cardano blockchain can be used to transfer ADA or other native tokens, mint or burn tokens, execute smart contracts etc. in the process of the transaction. So in common terms, a transaction is an exchange of value among some parties and optionally executes programmed logic called smart contracts. With this picture in the backdrop, let us go a level deeper to break down how transactions are completed on the Cardano Blockchain.

Cardano is a modern blockchain created to delicately balance security, decentralization, and scalability. Scalability is a public blockchain’s ability to process many transactions without affecting performance. With enhanced scalability, the network can also transmit more data and handle more intensive operations like high definition blockchain video gaming, enhancing user experience.

When IOHK began working on Cardano in 2015, their overarching objective was to launch a superior blockchain platform that was scalable, sustainable, and capable of hosting high-demand decentralized applications (dApps). A lot of progress has been made over the past few years. Currently, IOHK is optimizing the network, enhancing scalability for real-world trustless dApps to function seamlessly in a high-performance environment.

Cardano stake pools are block-producing server nodes that reliably hold the combined stake of various stakeholders in a single entity (Cardano stake pools literally pool the stake that has been delegated to them). Cardano stake pools take care of producing new blocks and processing transactions acting as the core of the Cardano proof-of-stake protocol called Ouroboros.

Whether you look forward to funding your project at an early stage or invest in the project before it becomes a mainstream one, crypto launchpads are a great place to look. They allow founders to get access to the funding in a secure and decentralized way.