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How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
Misconception 2 : Only one user can interact with a smart contract per block/transaction.
Also not true; the point of contention is around the UTXO, but many UTXOs may be governed by the same smart contract.
This fundamentally comes down to the shift in thinking from Ethereum, where you call into a smart contract to make it do something, and Cardano where you lock outputs with a contract, which determine when they can later be spent.
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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 ...
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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...
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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 val...
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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.
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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.
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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...
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