Why they’re calling Cardano ‘the green blockchain’
Staking process avoids the massive energy use and hardware pollution caused by Bitcoin and Ethereum mining
17 August 2021 4 mins read
Ever since Satoshi Nakamoto published the Bitcoin whitepaper in 2008, Bitcoin has had its fair share of controversy, often being in the limelight for the wrong reasons. The biggest criticism is how much the mining activities of Bitcoin’s protocol, based on proof of useless work, are damaging the environment. Turns out, well, a lot.
At the time of writing, Digicomist estimates that mining consumes 99.37 terawatt hours (TWh) of electricity annually. To put this figure into perspective, that’s 0.55% of the electricity produced in the world each year, enough to run a country such as Malaysia or Sweden…
A closer look at the cFund
First announced at last year’s Shelley summit, the cFund is an early-stage investment fund focused on innovative companies primarily utilizing the Cardano blockchain and its technology.
28 July 2021 5 mins read
As we move closer to smart contracts on Cardano, fund activity is now accelerating. We spoke with David Roebuck, Principal at Wave Financial, to find out more about the fund and its goals.
What is the cFund?
The cFund is a crypto-native hedge fund managed by Wave Financial in partnership with IOG. The fund employs an early-stage venture strategy and invests in innovative…
Cardano’s Extended UTXO accounting model – built to support multi-assets and smart contracts (part 2)
In the second part of our blog on Cardano’s EUTXO accounting model, we take a more technical look at transaction components, the UTXO set, and delve deeper into the rationale for Cardano’s EUTXO model
12 March 2021 5 mins read
Yesterday we offered an overview of the Extended UTXO model employed by Cardano, explaining how it differs from the approaches taken by Bitcoin and Ethereum. Now let’s dive a little deeper into inputs and outputs, the component parts of a transaction.
We need to talk about transactions: Outputs and Inputs
The term transaction usually evokes financial echoes. While such meaning…
Cardano’s Extended UTXO accounting model – built to support multi-assets and smart contracts
Cardano uses an innovative Extended UTXO accounting model to support multi-assets and smart contracts. In the first of a two-part blog, we look at the different blockchain accounting systems and why EUTXO matters
11 March 2021 5 mins read
Blockchain networks are complex data structures. Transactions continuously crisscross the chain, creating digital footprints that require careful tracking and management to maintain the integrity and reliability of the underlying ledger.
Two major accounting ledgers exist in the blockchain space: UTXO-based blockchains (Bitcoin, for instance), and Account/Balance chains…