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<!DOCTYPE html><html lang="en" prefix="og: http://ogp.me/ns#"><head><meta charSet="utf-8"/><link rel="apple-touch-icon" sizes="180x180" href="/apple-touch-icon.png"/><link rel="icon" type="image/png" sizes="32x32" href="/favicon-32x32.png"/><link rel="icon" type="image/png" sizes="16x16" href="/favicon-16x16.png"/><link rel="manifest" href="/site.webmanifest"/><link rel="mask-icon" href="/safari-pinned-tab.svg" color="#5bbad5"/><meta name="msapplication-TileColor" content="#da532c"/><meta name="theme-color" content="#ffffff"/><script async="" src="https://www.googletagmanager.com/gtag/js?id=G-KBRWN5Y99K"></script><link rel="stylesheet" type="text/css" href="https://api.mapbox.com/mapbox-gl-js/v0.39.1/mapbox-gl.css"/><script>window.dataLayer = window.dataLayer || [];
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gtag('config', 'G-HJSKR6C882');</script><meta name="viewport" content="initial-scale=1.0, width=device-width"/><title>Terms</title><meta name="description" content=""/><meta property="og:title" content="Terms"/><meta property="og:description" content=""/><meta property="og:url" content="https://armada-alliance.com/terms"/><link rel="alternate" hreflang="en" href="https://armada-alliance.com/terms"/><meta name="next-head-count" content="18"/><link rel="preload" href="/_next/static/css/a2a4781aa099452117e0.css" as="style"/><link rel="stylesheet" href="/_next/static/css/a2a4781aa099452117e0.css" data-n-g=""/><noscript data-n-css=""></noscript><script defer="" nomodule="" src="/_next/static/chunks/polyfills-e7a279300235e161e32a.js"></script><script src="/_next/static/chunks/webpack-91ce74b3bf91ee7fa968.js" defer=""></script><script src="/_next/static/chunks/framework-2f612445bd50b211f15a.js" defer=""></script><script src="/_next/static/chunks/main-12d082cd9c513dcd9e16.js" defer=""></script><script src="/_next/static/chunks/pages/_app-760654313cbc80a8cfb6.js" defer=""></script><script src="/_next/static/chunks/2c796e83-51de8e56b5e31504fe1c.js" defer=""></script><script src="/_next/static/chunks/29107295-62449f6ab50432c0efef.js" defer=""></script><script src="/_next/static/chunks/75fc9c18-84e7ab66c7989b7a8b6f.js" defer=""></script><script src="/_next/static/chunks/84-181267b436d5da389100.js" defer=""></script><script src="/_next/static/chunks/952-e339621149b94754a5c5.js" defer=""></script><script src="/_next/static/chunks/pages/%5B...slug%5D-612bcbe41e04f9313cec.js" defer=""></script><script src="/_next/static/HIvuHLkCOisH0H5li2pBC/_buildManifest.js" defer=""></script><script src="/_next/static/HIvuHLkCOisH0H5li2pBC/_ssgManifest.js" defer=""></script></head><body><div id="__next"><div component-type="Layout" component-id="Layout" component-cached-at="2024-11-11T08:20:36.853Z" component-cached-in="260 μs" component-resolved-in="260 μs"><div class="pt-16 sm:pt-24"><div class="bg-gray-50 dark:bg-gray-900 overflow-hidden"><div class="max-w-7xl mx-auto py-12 px-4 sm:px-6 lg:px-8 lg:py-24"><div class="relative py-8"><div class="hidden lg:block lg:absolute lg:inset-y-0 lg:h-full lg:w-full"><div class="relative h-full text-lg max-w-prose mx-auto" aria-hidden="true"><svg class="absolute top-12 left-full transform translate-x-32" width="404" height="384" fill="none" viewBox="0 0 404 384"><defs><pattern id="74b3fd99-0a6f-4271-bef2-e80eeafdf357" x="0" y="0" width="20" height="20" patternUnits="userSpaceOnUse"><rect x="0" y="0" width="4" height="4" class="text-gray-200 dark:text-gray-700" fill="currentColor"></rect></pattern></defs><rect width="404" height="384" fill="url(#74b3fd99-0a6f-4271-bef2-e80eeafdf357)"></rect></svg><svg class="absolute top-1/2 right-full transform -translate-y-1/2 -translate-x-32" width="404" height="384" fill="none" viewBox="0 0 404 384"><defs><pattern id="f210dbf6-a58d-4871-961e-36d5016a0f49" x="0" y="0" width="20" height="20" patternUnits="userSpaceOnUse"><rect x="0" y="0" width="4" height="4" class="text-gray-200 dark:text-gray-700" fill="currentColor"></rect></pattern></defs><rect width="404" height="384" fill="url(#f210dbf6-a58d-4871-961e-36d5016a0f49)"></rect></svg><svg class="absolute bottom-12 left-full transform translate-x-32" width="404" height="384" fill="none" viewBox="0 0 404 384"><defs><pattern id="d3eb07ae-5182-43e6-857d-35c643af9034" x="0" y="0" width="20" height="20" patternUnits="userSpaceOnUse"><rect x="0" y="0" width="4" height="4" class="text-gray-200 dark:text-gray-700" fill="currentColor"></rect></pattern></defs><rect width="404" height="384" fill="url(#d3eb07ae-5182-43e6-857d-35c643af9034)"></rect></svg></div></div><div class="relative max-w-4xl mx-auto"><h1><span class="mt-2 block text-3xl leading-8 text-center font-extrabold tracking-tight text-gray-900 dark:text-gray-100 sm:text-4xl">Terms</span></h1><div class="mt-8"><div class="bg-white dark:bg-gray-900 shadow border border-gray-50 dark:border-gray-800 overflow-hidden rounded-md"><ul class="divide-y divide-gray-200 dark:divide-gray-800"><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/de/terms/ada"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ada (₳)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The digital currency (or cryptocurrency) of the Cardano blockchain. 1 Ada = 1 million Lovelaces. Ada and Lovelace are named after the mathematician Ada Lovelace.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ACTUS"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">ACTUS</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Algorithmic Contract Types Unified Standards. A taxonomy and standard for financial contracts.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ASIC"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">ASIC</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An “Application Specific Integrated Circuit” is a silicon chip specifically designed to do a single task.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/active-endpoint"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Active endpoint</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An endpoint that is active on a contract application instance.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ada"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ada (₳)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The digital currency (or cryptocurrency) of the Cardano blockchain. 1 Ada = 1 million Lovelace. Ada and Lovelace are named after the mathematician Ada Lovelace.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/adalite"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Adalite</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A simple Cardano web wallet developed by Cardano partners Vacuumlabs.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/address"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">address</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The address of an UTXO says where the output is “going”.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/adrestia"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Adrestia</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Adrestia is a collection of products which makes it easier to integrate with Cardano.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/airdrop"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Airdrop</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Airdrop is a term for marketing campaign launched by many ICOs in which they distributes their specific token to the general public.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/alice-bob"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Alice and Bob</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cryptographic protocols are often made clearer by considering parties A and B, or Alice and Bob, performing some protocol.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/altcoins"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Altcoins</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Altcoin is an abbreviation of “Bitcoin alternative”.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/amm"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Automated Market Maker</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Automated Market Maker (AMM).</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/asset-group"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Asset-group</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A collection of tokens/assets that share the same minting policy.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/atomic-swap"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Atomic swap</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Atomic swap is a technology based on smart contracts that enables the exchange of different cryptocurrencies without the need for a centralized market or other intermediaries.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/balance-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Balance wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A wallet that stores your initial testnet ada balance, copied from the mainnet via the balance snapshot.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/basho"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Basho</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Fourth phase of Cardano development in which performance improvements will be integrated.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/bft"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Byzantine Fault Tolerance (BFT)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Byzantine fault tolerance (BFT), is a property in the system that ensures there is resistance to certain types of failures.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/block"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Block</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A slot that contains a set of recent transactions on a blockchain network. Each block contains data required to manage the blockchain, including an encrypted version of the previous block.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/blockchain-explorer"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Blockchain explorer</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An online tool for exploring the blockchain of a particular cryptocurrency, where you can watch and follow live all the transactions happening on the blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/blockchain"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Blockchain</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Blockchain is a fundamental system underpinning cryptocurrencies, acting as the public transaction ledger.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/byron"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Byron</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The name of the first ‘boot strap’ phase of Cardano development. The first era of the Cardano blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cardano-cli"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano-CLI</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The command line interface from which a user can interact with the Cardano node and blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cardano-foundation"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano Foundation</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An independent standards body based in Switzerland with core responsibilities to oversee and supervise the development of Cardano and its ecosystem.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cardano-node"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano node</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A participant on the Cardano blockchain network, continuously making, sending, receiving, and validating blocks.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cardano"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cardanocli-js"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardanocli-js</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">This is a library, which wraps the cardano-cli with JavaScript and makes it possible to interact with the cli-commands much faster and more efficient.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cfd"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Contract for difference (CFD)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Part of a wider group of trading products known as derivatives, they are a popular method of trading stocks, bonds, and commodities that allow you to speculate on the price.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/chain"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Chain</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A set of blocks that have been produced and are connected to one another in consecutive order.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cold-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cold wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A cold wallet or cold storage is a type of cryptocurrency wallet aiming for maximum security.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/consensus"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Consensus</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A way for a decentralized system to reach a consistent view of shared collections of data. Cardano uses the Ouroboros consensus algorithm, which is an algorithm based on proof of stake.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/contract-application"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Contract application</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An application written against the contract application API, which runs in the PAB.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/contract-executable"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Contract Executable</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A compiled executable of a contract application.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cost-per-epoch"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cost per epoch</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A fixed fee, in ada, which the stake pool operator takes every epoch from the pool rewards to cover the costs of running a stake pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/crypto-mining"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Crypto mining</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">In proof-of-work blockchain's like Bitcoin mining is the process by which new crypto-currencies or digital assets are created and distributed to the blockchain's decentralized ledger.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cryptocurrency-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cryptocurrency Wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A cryptocurrency wallet or simply wallet is a software application or hardware device that is used to receive and send cryptocurrencies.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cryptocurrency"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cryptocurrency</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process by which new coins of creating new</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cryptography"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cryptography</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cryptography is a set of rules for encoding information into a message that can only be decoded by someone with the same knowledge of the secret key.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/cryptology"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cryptology</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The scientific study of cryptography and cryptanalysis.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/currency"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Currency</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Currency is a medium of exchange for goods and services.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/daedalus"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Daedalus</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A secure wallet for Ada that manages balances and provides the ability to send and receive payments.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/dao"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">DAO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A decentralized autonomous organization.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/dapp"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">DApp</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Decentralized application.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/datum"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Datum</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The data field on script outputs in the Extended UTXO model.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/de-fi"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">DeFi</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Decentralized finance.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/decentralized"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Decentralized</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a global goal.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/delegate"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Delegate</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process by which Ada owners can participate in the network and earn rewards by delegating the stake associated with their Ada holdings to a stake pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/dex"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Decentralized Exchange</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A decentralized exchange for cyptocurrencies and other digital assets that has no central authority or traditional KYC required.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/digital-asset"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Digital Asset</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A digital item of property that holds value stored in the distributed ledger.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/double-spending-problem"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Double spending problem</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">When a digital currency is spent more than once. Historically this was a problem with early versions of cryptocurrencies. Bitcoin was the first cryptocurrency to solve this problem.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/emurgo"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">EMURGO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">EMURGO is a multinational blockchain technology company providing solutions for developers, startups, enterprises, and governments.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/epoch"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Epoch</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">a defined group of slots that constitute a period of time. In Cardano, one epoch is 5 days long.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/eutxo"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">EUTXO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Extended unspent transaction output model of Cardano.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fake-stake"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fake Stake Attack</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">This is the umbrella term that references the various vulnerabilities of Proof-of-Stake cryptocurrencies like Cardano.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/faucet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Faucet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A web-based service that provides free tokens to users of a testnet.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fee"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fee</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Amount of ada or other cryptocurrency charged for transaction processing.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fiat"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fiat</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Fiat is defined as currency that is declared by a country’s government to be legal tender.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fifty-one-percent-attack"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fifty-one percent attack</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">If more than half the computer power on a network is run by a single person or a single group of people, then a 51% attack is in operation.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/forging-context"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Forging context</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A data structure containing a summary of the transaction being validated, and the current forging policy which is being run.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/forging-policy-script"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Forging policy script</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A script which must be satisfied in order for a transaction to forge tokens of the corresponding currency.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/forging"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Forging</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A transaction which forges tokens creates new tokens, providing that the corresponding monetary policy script is satisfied.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fork"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fork</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A significant update to the software governing a blockchain platform, which may change rules, make existing rules invalid, or create new rules, is called a fork.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/fungible-token-asset"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Fungible token/asset</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">an asset that is interchangeable and indistinguishable with some other asset(s). Same denomination bills and coins are fungible assets, for example, like equal quantities of ada to lovelaces.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/genesis-block"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Genesis block</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The very first block ever created on a blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/goguen"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Goguen</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Third phase of Cardano development in which smart contracts will be delivered.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hard-fork"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Hard Fork</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A radical change of the network’s protocol changing the state of operational flow from one model to a completely different one.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hardware-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Hardware wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A hardware wallet is a special type of wallet that stores the user's private keys in a secure hardware device.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hash-function"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Hash function</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A hash function is a type of Hash-based cryptography algorithm which encrypts a large, possibly variable-sized amount of data into a small datum, usually a single integer that may serve as an index to an array.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hodl"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">HODL</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The term HODL refers to buy-and-hold strategies adopted by members of bitcoin and other cryptocurrency communities.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hot-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Hot wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A hot wallet is a cryptocurrency wallet which is or was connected to the internet. One of the advantages of hot wallets is that they can be used to make small everyday transactions.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/hydra"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Hydra</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A layer 2 scalibility solution for the Cardano blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/incentive"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Incentive</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A way to encourage participants of the system to engage in the network by rewarding them with a return that is proportional to their efforts.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/interoperability"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Interoperability</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">One of the significant features within Cardano development that aims to enable interconnection between numerous blockchains and legitimate recognition of activities by central authorities. Enabled cross-chain transfers and the establishment of the internet of blockchains will grant enhanced user experience and functionality.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ipfs"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">IPFS</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The InterPlanetary File System (IPFS) is a hypermedia distribution protocol, addressed by content and identities.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/key-pair"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Key pair</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A set of two keys: public verification key and private signing key. These keys are used to process and approve transactions within the blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ledger-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ledger wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A combination of hardware and software that allows you to securely manage your crypto and guides you on your journey towards financial freedom.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ledger"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ledger</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A distributed database that is operated in a decentralized manner by multiple nodes across numerous locations.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/liquidity-pools"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Liquidity Pools</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A liquidity pool is a smart contract that locks up tokens to be used in DeFi services like lending, borrowing, and trading.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/live-stake"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Live stake</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The total amount of stake that a stake pool controls. It combines the stake that is owned by the pool operator with any stake that has been delegated to the pool by other ada holders. It can be measured as a total ada amount (e.g. 3M ada), or as a percentage of the total supply of ada within the network (e.g. 5%).</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/lovelace"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Lovelace</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The smallest unit of Ada. 1 Lovelace = 1/1,000,000 Ada. A lovelace is to Ada what a Satoshi is to Bitcoin.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/mainnet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Mainnet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A live blockchain that has been deployed and is in operation.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/marlowe"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Marlowe</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The domain-specific language (DSL) for writing and executing financial contracts on blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/metadata"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Metadata</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A set of additional data stating certain transaction conditions or owner details.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/minting-transaction"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Minting transaction</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Transactions with a field specifying token minting details.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/minting"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Minting</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Also referred to as “Token minting”. The process by which new blocks are created.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/multi-asset"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Multi-asset</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A generic term for a ledger which supports multiple different asset types natively.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/multisig"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Multisig</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Simple multiple signature scripting language supported by Cardano Shelly.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/native-token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Native token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A token type accounting and tracking of which is natively supported by its underlying platform without a need for additional software.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/network"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Network</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The technical infrastructure combining Cardano nodes and their relative interactions in one unified system.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/nft"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Non-fungible token/asset (NFT)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Non-fungible tokens (NFTs) are digital assets that are provably unique, creating digital scarcity. They can't be duplicated or divided.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/obft"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ouroboros Byzantine Fault Tolerance</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The Cardano network makes use of its Ouroboros Byzantine fault tolerant protocol to ensure security and stability of the entire system.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/off-chain-code"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Off-chain-code</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The part of a smart contract application’s code which runs off the chain, usually as a contract application.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/on-chain-code"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">On-chain-code</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The part of a contract application’s code which runs on the chain (i.e. as scripts).</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/oracle-pool"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Oracle Pool</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A method by which Oracles are decentralized, such that the external data they provide can be done so with greater assurance and trust. More information.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/oracle"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Oracle</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A mechanism by which critical external information that isn’t known or available to a blockchain network is transferred to the network. This can be any kind of information (currency or commodity exchange rates, events happening in the real world, etc.).</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/ouroboros"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ouroboros</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cardano’s proof of stake algorithm.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/pab-client-api"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">PAB client API</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A program which interacts with a contract application instance via the PAB’s client API.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/passive-node"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Passive node</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A Cardano node (relay) that has no incoming connections.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/peer-discovery"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Peer discovery</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process by which nodes find each other on the network and initiate contact</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/peer-to-peer"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Peer-to-peer (P2P)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Peer-to-peer. Sending transactions or sharing files directly between nodes in a decentralized system without depending on a centralized authority.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/pledge"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Pledge</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Pledging is an important mechanism that encourages the growth of a healthy ecosystem within the Cardano blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-application-backend"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus Application Backend (PAB)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The component which manages Plutus Applications that run on users' machines.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-application"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus application</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An application written using the Plutus Application Framework.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-core"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus core</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The programming language in which scripts on the Cardano blockchain are written.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-ir"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus IR</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An intermediate language that compiles to Plutus Core.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-platform"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus platform</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The combined software support for writing contract applications</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-sdk"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus SDK</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The libraries and development tooling for writing contract applications in Haskell.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus-tx"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus Tx</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The libraries and compiler for compiling Haskell into Plutus Core to form the on-chain part of a contract application.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/plutus"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Plutus</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A Turing-complete programming platform for writing functional smart contracts on the Cardano blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/pool-id"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Pool ID</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">This is the hash of you stake-pool's metadata JSON file that you have registered on chain when setting up your stake-pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/private-key"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Private key</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A private key is a randomly generated secret number that should only be known to the owner of the associated address.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/produced-blocks"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Produced blocks</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The number of blocks that have been produced by a stake pool in the current epoch. Stake pools are rewarded in ada for each block that they produce.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/proof-of-stake"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Proof of stake (PoS)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A type of consensus mechanism used to reach agreement on records in the blockchain. It ensures distributed consensus based on the stake, or wealth, that is held by participants in the system. This stake is used as the main resource to determine the participant’s power in the system for maintaining the ledger.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/proof-of-work"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Proof of work (PoW)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The original consensus algorithm in early blockchain networks, such as Bitcoin. This algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, “miners” (those performing the computational work) compete against each other to complete transactions on the network and get rewarded.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/protocol"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Protocol</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A term used for consensus reaching methods. For instance, Ouroboros protocol, OBFT protocol.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/public-key"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Public key</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A definition of a term</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/quality-score"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Quality Score</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The Stake Pool Operators of the Armada Alliance have created rules for themselves to follow to ensure quality. You can read more about the quality of each pool by going to the Quality Report section of the pool page.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/redeemer"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Redeemer</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The argument to the validator script which is provided by the transaction which spends a script output.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/reward"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Reward</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An amount contained in each new block that is paid out to the stakeholder by the network.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/rewards-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Rewards wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A wallet that stores ada which can be used in stake delegation. The stake from a single Rewards wallet can only be delegated to a single stake pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/satoshi-labs"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">SatoshiLabs</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Established in late 2013, SatoshiLabs is a company full of experienced specialists founded by two of the leading personalities in the crypto community.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/satoshi"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Satoshi</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The smallest unit of Bitcoin, equal to 0.00000001 BTC.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/saturation"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Saturation</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/schema"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Schema</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The set of all endpoints of a contract application.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/script-output"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Script output</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A UTXO locked by a script.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/script"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Script</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A generic term for an executable program in the ledger. In the Cardano blockchain, these are written in Plutus Core.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/securitization"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Securitization</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process of creating liquid, asset-backed securities from pools of illiquid assets.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/security-token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Security token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A digital asset that derives its value from an external asset that can be traded.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/shelly"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Shelly</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Second phase of Cardano development in which network decentralization will be delivered.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/slot-leader"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Slot leader</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Elected node that has been selected to create a block within the current slot. A random election process occurs based on the proportional stake.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/slot"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Slot</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A fixed period of time within an epoch.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/smart-contract"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Smart contract</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An automated agreement, written in code, that tracks, verifies, and executes the binding transactions of a contract between various parties.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stablecoin"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stablecoin</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A cryptocurrency that attempts to offer stability and generally (preferably) backed by a reserve asset. USD Tether and USD Coin are examples of stablecoins backed by US dollars.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stake-pool-alliance"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stake Pool Alliance</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">An alliance of stake pool operators on the Cardano blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stake-pool-operator"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stake pool operator (SPO)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The person(s) or organization(s) operating a stake pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stake-pool-performance"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stake pool performance</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A measure of the efficiency of a stake pool, given as a percentage, is measured by how many blocks the stake pool has produced (and that are recorded on the main chain) compared to how many it was nominated to produce.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stake-pool-profit-margin"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stake pool profit margin</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The percentage of total ada rewards that the stake pool operator takes before sharing the rest of the rewards between all the delegators to the pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/stake-pool"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Stake pool</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A reliable block-producing server node that holds the combined stake of various stakeholders in a single entity, or pool, on the Cardano network.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/staking"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Staking</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process by which Ada owners can participate in the network and earn rewards by delegating the stake associated with their Ada holdings to a stake pool.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/sybil-attack"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Sybil Attack</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Sybil Attack is a type of attack seen in peer-to-peer networks in which a node in the network operates multiple identities actively at the same time and undermines the authority/power in reputation systems.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/synthetic-assets"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Synthetic Assets</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Digital assets that capture the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities and more with zero slippage.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/testnet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Testnet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A test network where users can experiment with new features and code and provide their feedback before a live mainnet launch.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/token-minting"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Token minting</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process of creating new tokens.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A cryptographic token that represents a footprint of value defined by the community, market state, or self-governed entity. A token can be fungible or non-fungible, and act as a payment unit, reward, trading asset, or information holder.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/tokenization"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Tokenization</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process of representing real-world assets with digital tokens.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/tps"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">TPS</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Transaction per second</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/trezor-wallet"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Trezor wallet</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Trezor Wallet is an easy-to-use browser interface for the Trezor device powered by SatoshiLabs.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/trezor"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Trezor</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Trezor (or Trezor device) is the original and most trusted cryptocurrency hardware wallet designed and marketed by SatoshiLabs.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/trusted-peer"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Trusted peer</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Other trusted nodes in the network.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/utility-token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Utility token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A digital token that holds certain functionality in regards to a concrete project or environment. These tokens can be used as payment units, rewards, or grant access to a specific network.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/utxo"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">UTXO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">UTXO stands for “Unspent Transaction Output”. In cryptocurrencies, a UTXO is an abstraction of electronic money. Each UTXO is analogous to a coin, and holds a certain amount of value in its respective currency.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/validation-context"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Validator context</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A data structure containing a summary of the transaction being validated, and the current input whose validator is being run.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/validator-script"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Validator script</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The script attached to a script output in the Extended UTXO model.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/voltaire"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Voltaire</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The fifth phase of Cardano development in which treasury and governance capabilities will be delivered.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/whale"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Whale 🐋</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A whale is defined as a person or organization that owns a large amount of a particular cryptocurrency.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/yield-farming"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Yield farming</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The process of staking your cryptocurrencies in a liquidity pool to earn passive income.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/yoroi"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Yoroi</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">A light wallet for Cardano that is used to manage Ada balances and conduct transactions. A simple, fast, and secure wallet for daily use purposes that is developed by Emurgo. More information.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/terms/zero-knowledge-proof"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Zero knowledge proof</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">In cryptography, a zero-knowledge proof enables one party to provide evidence that a transaction or event happened without revealing private details of that transaction or event.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/ACTUS"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">ACTUS</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Algorithmic Contract Types Unified Standards (Estandar Unificado de Tipos de Contratos Algorítmicos). Una clasificación y un estándar para contratos financieros.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/ada"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">ADA (₳)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Moneda digital (o criptomoneda) de la cadena de bloques de Cardano. 1 ADA = 1 millón de Lovelaces. Ada y Lovelace deben su nombre a la matemática Ada Lovelace.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/address"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">address</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">La dirección de un UTXO dice hacia dónde “va” la salida.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/airdrop"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Airdrop</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Airdrop es un término para un tipo de campañas de publicidad utilizadas por muchas ICO en las que distribuyen su token al público general.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/altcoins"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Altcoins</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Altcoin es una abreviatura de "Bitcoin Alternativa".</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/basho"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Basho</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cuarta fase de desarrollo de Cardano en la que se integrarán mejoras de rendimiento.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/blockchain"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Blockchain</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">es una cadena de bloques que contiene información. Estos bloques son una lista creciente de registros que están vinculados mediante criptografía. Cada bloque contiene un hash criptográfico del bloque anterior, una marca de tiempo y datos de la transacción. Blockchain es un sistema fundamental que sustenta las criptomonedas, que actúa como el libro mayor de transacciones públicas.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/cardano-cli"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano-CLI</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Es la interfaz de línea de comandos (CLI, Command Line Interface) desde la cual un usuario puede interactuar con el nodo de Cardano y la blockchain.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/daedalus"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Daedalus</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Es una billetera segura para guarda ADA desde la que se administran los saldos y además, brinda la capacidad de enviar y recibir pagos.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/decentralized"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Descentralizado</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">La descentralización se refiere a la propiedad de un sistema en el que los nodos o actores trabajan en concierto de manera distribuida para lograr un objetivo global.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/delegate"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Delegar</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">El proceso mediante el cual los propietarios de ADA pueden participar en la red y ganar recompensas al delegar sus ADA directamente desde su billetera a un Stake Pool de Cardano.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/ouroboros"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ouroboros</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Algoritmo de Prueba de Participación (PoS) de Cardano.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/proof-of-work"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Prueba de Trabajo (PoW)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Es el algoritmo de consenso original de las primeras redes blockchain, como Bitcoin. Este algoritmo se utiliza para confirmar transacciones y producir nuevos bloques en la cadena. Con PoW (Proof of Work), los "mineros" (aquellos que realizan el trabajo computacional) compiten entre sí para completar transacciones en la red y obtener recompensas.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/utility-token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Utility token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Un token digital que tiene cierta funcionalidad con respecto a un proyecto o entorno concreto. Estos tokens se pueden usar como unidades de pago, recompensas o otorgar acceso a una red específica.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/utxo"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">UTXO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">UTXO (Unspent Transaction Output) significa "Salida de transacción no gastada". En las criptomonedas, un UTXO es una abstracción de dinero electrónico. Cada UTXO es análogo a una moneda y tiene una cierta cantidad de valor en su respectiva moneda.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/voltaire"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Voltaire</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">La quinta y última fase o Era del desarrollo de Cardano, en la cual el Tesoro y la Gobernanza serán entregadas totalmente a la Comunidad para su gestión y toma de decisiones.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/whale"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Whale 🐋</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Una ballena (whale) se define como una persona u organización que es propietaria de una cantidad muy grande de una criptomoneda determinada.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/es/terms/yoroi"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Yoroi</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">es una billetera ligera para Cardano que se instala como extensión del navegador y se usa para administrar los saldos de ADA y realizar transacciones. Es una billetera simple, rápida y segura para uso diario desarrollada por Emurgo. Más información.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/fi/terms/ASIC"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">ASIC</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">“Application Specific Integrated Circuit” on piirilevy, joka on suunniteltu erityisesti vain yhteen tehtävään.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/fi/terms/active-endpoint"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Active endpoint</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Aktiivinen päätepiste sopimusaplikaatiossa.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/fi/terms/ada"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ada (₳)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cardano lohkoketjun digitaalinen valuutta (tai kryptovaluutta). 1 Ada = 1 miljoonaa Lovelace:a. Ada ja Lovelace ovat nimetty matemaatikko Ada Lovelace mukaan.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/fi/terms/adalite"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Adalite</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Yksinkertainen Cardano selainlompakko, jonka on kehittänyt Cardanon yhteistyökumppani Vacuumlabs.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/fi/terms/lovelace"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Lovelace</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">The smallest unit of Ada. 1 Lovelace = 1/1,000,000 Ada. A lovelace is to Ada what a Satoshi is to Bitcoin.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/nl/terms/ada"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Ada (₳)</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">De digitale valuta (of cryptocurrency) van de Cardano-blockchain. 1 Ada = 1 miljoen Lovelaces. Ada en Lovelace zijn vernoemd naar de wiskundige Ada Lovelace.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/nl/terms/cardano"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Cardano</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Cardano is een proof-of-stake blockchain: het eerste dat is gebaseerd op peer-reviewed onderzoek en is ontwikkeld met behulp van wetenschappelijke methodes.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/nl/terms/utility-token"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">Utility token</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">Een digitaal token dat bepaalde functionaliteit bevat met betrekking tot een concreet project of een concrete omgeving. Deze tokens kunnen worden gebruikt als betalingseenheden, beloningen of toegang verlenen tot een specifiek netwerk.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li><li><a class="block hover:bg-gray-50 dark:hover:bg-gray-800" href="/nl/terms/utxo"><div class="px-4 py-4 flex items-center sm:px-6"><div class="min-w-0 flex-1 sm:flex sm:items-center sm:justify-between"><div class="truncate"><div class="text-sm"><p class="font-medium text-primary-500 truncate">UTXO</p><p class="font-normal text-gray-500 overflow-ellipsis overflow-hidden">UTXO staat voor "Unspent Transaction Output". In cryptocurrencies is een UTXO een abstractie van elektronisch geld. Elke UTXO is analoog aan een munt en heeft een bepaalde waarde in zijn respectieve valuta.</p></div></div></div><div class="ml-5 flex-shrink-0"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-gray-400" aria-hidden="true"><path fill-rule="evenodd" d="M7.293 14.707a1 1 0 010-1.414L10.586 10 7.293 6.707a1 1 0 011.414-1.414l4 4a1 1 0 010 1.414l-4 4a1 1 0 01-1.414 0z" clip-rule="evenodd"></path></svg></div></div></a></li></ul></div></div></div></div></div></div><div component-type="Footer" component-id="Footer" component-cached-at="2024-11-11T08:20:36.853Z" component-cached-in="97 μs" component-resolved-in="97 μs"><div class="bg-white dark:bg-gray-900 pt-16 sm:pt-24 overflow-hidden"><div class="relative sm:py-16"><div aria-hidden="true" class="hidden sm:block"><div class="absolute inset-y-0 left-0 w-1/2 bg-gray-50 dark:bg-gray-800 rounded-r-3xl"></div><svg class="absolute top-8 left-1/2 -ml-3" width="404" height="392" fill="none" 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