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…

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…

At the end of March, we’ll reach another milestone for Cardano when we’ll see d, the parameter that governs what percentage of transactions are processed by the genesis nodes, get to zero. At this point, responsibility for block generation will be fully decentralized. In other words, Cardano’s network of 1,800+ community pools will be solely responsible for producing blocks.

D=0 day will be a landmark moment in Cardano's continuing journey. When we deployed the Shelley update back in July 2020, d was set to an initial 1.0, meaning that every block was produced by IOHK’s network of federated nodes. Of course, this was the antithesis of…

At the end of 2020, we announced our devnets plan to support the longer-term strategic goal of opening up Cardano to multiple development languages – as outlined in the ‘‘Island, Ocean, Pond’ video. This week, building on the Ethereum Virtual Machine, we’re rolling out a new development environment to support the Glow language.

François-René Rideau of Mutual Knowledge Systems is…

In Douglas Adams' classic The Hitchhiker's Guide to the Galaxy, a Babel fish is a creature that allows you to hear any language translated into your own. This fantasy of universal translation ensures meaningful interaction despite the myriad different languages in the galaxy. 

In the cryptocurrency space, smart contract platforms enable the development of a myriad custom tokens…