UTXO alliance: fostering innovation and collaboration across the blockchain space
We’re partnering with other UTXO-based blockchains to cultivate innovative solutions to advance interoperability, programmability, and scalability
15 October 2021 9 mins read
At the Cardano Summit, IOHK announced a collaboration with Ergo, Nervos, and Topl to create the UTXO alliance. Today, we’re delighted to welcome a new alliance partner – Komodo.
Komodo is an open-source technology provider that offers all-in-one blockchain solutions for developers and enterprises. Komodo works closely with organizations that want to launch branded decentralized…
Concurrency and all that: Cardano smart contracts and the EUTXO model
Cardano’s EUTXO model provides a secure and versatile environment to process multiple operations without system failures
10 September 2021 7 mins read
Cardano is a UTXO-based blockchain, which utilizes a different programming paradigm for decentralized applications (DApps) from other account-based blockchains like Ethereum. The specific flavor Cardano uses is the Extended Unspent Transaction Output (EUTXO) model introduced by the Alonzo upgrade. EUTXO offers greater security allowing for smart contract execution cost…
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…