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Cardano chose, instead, to improve on the UTXO model enough that dApps themselves could make these tradeoffs between independent operation and centralization. The eUTXO model that Cardano led the research on introduces three new primitives for smart contracts: The datum, the redeemer, and the validator.
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If many people need to access this global state, and that state is stored in the datum of a single UTXO, it creates a race among users to be the first to spend that UTXO. Each time someone wins that race, it resets everyone else back to square one: they have to find the new UTXO, construct a new ...
We’ve chosen a solution that differs from those above; Very soon we will be ready to pull back the curtain and reveal how it works. Given the nature of the recent discussion, we want to do so with receipts, and are currently preparing load tests to demonstrate exactly how well our scaling solutio...
Today, there appear to be two categories of solutions to this problem: either design your protocol to tolerate segmentation of your state, or aggregate interactions with that state.
The difference between these two can be analogized to the difference between the cash in your pocket and the balance in your bank account.
Access to global information, such as price, is trivial in these models. However, there are a lot of downstream negative side effects of this choice.
Many people have pointed out that Cardano’s choice of eUTXO can create issues when porting protocols. This is certainly true; we alluded to this in our whitepaper many months ago. Similarly Lars Brünjes, the Di...
building @tellimer. #engineering, #machinelearning and #crypto
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Fractals are structures that are neither two-dimensional nor three-dimensional but are instead some fractional value in between. In mathematics, fractals emerge as beautiful patterns that repeat themselves infinetely, generating what is seemingly impossible: a structure that has a finite area, bu...
How do you measure productivity? If you are running on very little sleep and trying to complete as many tasks as possible in as short a time as possible, you may be missing out on the benefits of silence. In an article by
Hybrid work means it’s easier to miss out on the small moments that make teamwork magical and spark innovation. Google News, for example, was the result of a casual conversation between two employees standing next to each other in line for lunch. In an office, these types of interactions...
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