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@InputOutputHK

Jun 15

Since its inception in 2015, the Cardano project had one clear goal: to alter the way cryptocurrencies are designed and developed. Like many other open-source projects, #Cardano did not have a defined roadmap or an authoritative whitepaper.
🧵1/n

Rather, it combined a range of scientific design principles and engineering best practices to produce a solid, pioneering, research-based blockchain. Such an approach positions #Cardano uniquely among other #blockchain platforms.
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A set of the best practices, ideas & contributions formed #Cardano’s foundation for building a secure, decentralized, and scalable ledger. There is now a substantial body of research, represented by IOG’s extensive library of papers, which at the time of writing numbers 139
🧵3/n

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@InputOutputHK

Jun 14

Ouroboros is the consensus protocol for #Cardano, the first provably secure proof-of-stake protocol, and the first blockchain protocol based on peer-reviewed research.
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Combining unique technology and mathematically verified processes, Ouroboros guarantees and supports the security and sustainability of any blockchain implementing it.
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The result is a protocol with proven security guarantees, able to facilitate the propagation of global, permissionless networks with minimal energy requirements.
🧵3/n

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@InputOutputHK

Jun 7

#Vasil HF update📢

🏃We’re now into the final mile as we head towards the #Vasil upgrade and HFC event. Work is proceeding well and our operational focus remains on delivering the H/F by the most efficient route BUT MOST IMPORTANTLY to the right quality.

#Cardano
1/n 🧵

✔️It is IOG’s responsibility to execute a successful upgrade / hard fork that is safe and secure. It also requires minimal disruption to exchanges and ecosystem partners - from #Dapp developers to 3rd party tools providers.
2/n 🧵

👌The integration program towards Vasil is the most complex to date from a number of angles. It's a process that requires not only significant work, but also close coordination.
3/n 🧵

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@InputOutputHK

May 9

Cardano uses the extended UTxO accounting model.

EUTxO differs from Ethereum’s account-based model. In Ethereum’s model, everyone has an account with a balance. When funds are transferred from one account to another, then balances are updated.

#Cardano $ADA

The ‘E’ in EUTxO stands for extended, improving on Bitcoin’s UTxO. Whereas UTxO smart contracts only interact with immediate requests to confirm a transaction, #Cardano’s EUTxO model improves on this.

Learn more about EUTxO here: essentialcardano.io/faq/what-is-an…

💡To better understand EUTxO, read about how it supports multiassets and smart contracts⬇️
iohk.io/en/blog/posts/…

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@InputOutputHK

May 5

We’re delighted to announce that the new #EssentialCardano site is now available for the #CardanoCommunity to try in 𝐨𝐩𝐞𝐧 𝐛𝐞𝐭𝐚!

We previewed the platform in March’s edition of #Cardano360 and now, it’s open to all!

🧵bit.ly/3FgNYeX

What is Essential Cardano?

A community-driven, rich directory of sharable content to showcase #Cardano & the incredible ecosystem building on it.

Also, it is:

👉 An open-source content hub
👉 Currently in beta
👉 Easy to share answers to Cardano questions

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Where did Essential Cardano come from?

🌱 An evolution of the Essential Cardano GitHub repo, an open, community-sourced content index of #Cardano related projects

🎓 Created in response to the community’s request for a Cardano ‘wiki’, an accessible source of truth.

🧵 2/n

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@InputOutputHK

May 2

CIPs coming with June’s HF:

CIPs (Cardano Improvement Proposals) present new features to the #Cardano network that are key to bettering our blockchain

The upcoming HF introduces:
CIP-31: Reference Inputs
CIP-32: Inline Datums
CIP-33: Reference Scripts
CIP-40: Collateral Outputs

Reference inputs allow you to read datums from outputs without consuming and recreating them.

➡️Multiple #DApps will therefore be able to read from the same datum at the same time, improving concurrency.

Inline datums allow you to store the data on-chain as opposed to just storing a hash of it on-chain as #Cardano currently does.

➡️This provides a more convenient architecture where devs don’t have to include the data when interacting with the script.

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