Djed: implementing algorithmic stablecoins for proven price stability
Djed is the first coin to use formal verification to eliminate price volatility
18 August 2021 7 mins read
Cryptocurrency volatility is one of the obstacles to its wider adoption. Blockchain technologies provide benefits such as transparency, data immutability, and proven security of financial operations. Yet, it is harder than fiat currencies to predict how the market will behave, or forecast the value of a digital currency. This hinders using cryptocurrencies as accounting and…
Smart contracts – here we come
Alonzo will build on Cardano’s token upgrades to give developers the tools for crafting business applications
8 April 2021 6 mins read
At the start of March, we implemented Mary ‒ a multi-asset protocol upgrade that allows users to create unique tokens for transactions on Cardano. With the introduction of transaction metadata, then token-locking with Allegra in December, and native token creation, we are laying the foundation to establish Cardano as the leading smart contract platform.
Alonzo, our next…
Boosting network decentralization with P2P
Peer-to-peer communication between stake pools will make Cardano more dynamic and more efficient as the network grows
6 April 2021 7 mins read
The decentralization of Cardano puts responsibility for running the blockchain in the hands of stake pools. An essential element in this is reliable and effective connections between all the distributed nodes, and ensuring that the network is resilient to failure.
With the simpler Byron version of the blockchain, federated (OBFT) nodes controlled by the Cardano Foundation…
Introducing the new Plutus Playground
Developers are invited to test out our improved smart contract tools before full release
25 January 2021 4 mins read
Goguen is Cardano’s development theme that focuses on utility, smart contract support, and native token issuance. While delivering it as a system of interactive components, we are gradually adding all the building blocks to add smart contracts to the Cardano platform.
Goguen brings native token support along with Plutus and Marlowe to help develop the smart contracts that are essential to establishing a global, decentralized financial system. To lay the groundwork, we have introduced transaction metadata, upgraded the ledger to support token locking (which is essential for complex smart contracts), and will soon deploy native token…
Smash: introducing a new way of managing stake pool metadata
Our metadata framework supports delegators and the community by bringing verified information to the Cardano network
17 November 2020 5 mins read
Stake pool operations lie at the heart of Cardano decentralization, enabling servers to reach a consensus agreement across the network. Our groundbreaking Ouroboros proof-of-stake consensus protocol allows pool operators to reach agreement on the validity of transactions and sign a block, which is then immutably recorded on the Cardano blockchain.
On the Shelley path to…