6. Understanding Key Concepts - Deepstash
Harnessing Blockchain Technology

Learn more about crypto with this collection

Understanding the basics of blockchain technology

The benefits and challenges of using blockchain

The future of blockchain technology

Harnessing Blockchain Technology

Discover 57 similar ideas in

It takes just

8 mins to read

6. Understanding Key Concepts

What the Cardano team did with the Ouroboros is to divide physical time into epochs made of slots. These so-called epochs operate in an annular fashion whereby when one epoch ends; another comes online. This helps to reduce network congestion and save on gas fees.

The epochs are divided further, with each having a slot leader chosen by other nodes. These slot leaders will see the creation and confirmation of transaction blocks to be added to the blockchain. If the selected slot leader cannot create a transaction block in an epoch, the next slot leader will have a go. 

2

13 reads

MORE IDEAS ON THIS

8. What does the future hold for the Cardano project?

Cardano developers can now create custom tokens or import projects from other blockchains into the Cardano network. This could be beneficial for new and interesting projects such in the DeFi and NFT ecosystem.

Whi...

2

14 reads

2. Blockchain technology before Cardano

Bitcoin was created to eliminate a central authority in verifying transactions. Due to its simple design, it was very secure.

Ethereum brought smart contracts and decentralized apps. But Ethereum has run into such problems as

3

22 reads

3. Cardano’s beginnings

Cardano is supported by the same-named foundation that aids the research and development of the protocol and its community. The Cardano project’s development is spearheaded by the for-profit company Input Output Hong Kong (IOHK). Hoskinson also heads IOHK. The project signed up leading academics ...

3

22 reads

5. Cardano’s blockchain architecture: CSL and CCL

The Cardano blockchain is stratified into two layers, the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL).

The CSL is Cardano’s balance ledger. Using a proof-of-stake consensus algorithm (Ouroboros protocol) to generate new blocks and confirm transactions.

Thi...

3

17 reads

4. Cardano’s philosophy

Cardano has been different from other blockchain projects from the start. In lieu of publishing a white paper, Cardano adopted a collection of unique design principles, engineering best practices, and created

2

22 reads

1. What is Cardano, and what makes it different from other blockchain platforms?

Cardano is a public, open-source blockchain for building and running smart contracts and other decentralized protocols. The project was built from the ground-up by a team led by Charles Hoskinson , a co-founder of Ethereum. In contrast to many blockchains, Cardano did not kick off with a white pa...

2

30 reads

7. Teams behind Cardano

Input Output Hong Kong is a for-profit company that supports Cardano. Signing a multi-year contract with blockchain company Emurgo , the company aims to...

2

12 reads

CURATED FROM

CURATED BY

decebaldobrica

#engineering, #machinelearning and #crypto

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates