Popular Glossary of Terms
Here is a list of commonly used terms used in the cryptocurrency industry and specifically in the Cardano community.
Native cryptocurrency of the Cardano blockchain.
A record of blockchain transactions, a digital ledger. For the Cardano blockchain, there are 21,600 blocks in an Epoch.
The process of assigning your state to a stake pool.
An Epoch is a 5 day period where transactions on the Cardano blockchain are recorded.
Proof of Stake (PoS) is a method for validate transactions base on the amount of cryptocurrency someone owns and stakes. Rewards are distributed for participating to incentivise honest behaviours.
Rewards: Incentives paid to delegators for participating in staking. Incentives are used to ensure the longevity and health of the Cardano network and ecosystem.
Incentives paid to delegators for participating in staking. Incentives are used to ensure the longevity and health of the Cardano network and ecosystem.
Shelley is a major Cardano update .This update ensures the decentralization of the network.
Stake pools hold stake and processes transactions in the network. They also secure the network and pay rewards to delegators based on their staked amount.
The Proof-of-Stake protocol used by Cardano.