Thread by @InputOutputHK

We get it, #blockchain-speak can be quite the impenetrable code when you’re just starting out

That’s why we’ve put together a selection of key terms from our glossary, so if you’re a newcomer – or if you just need to brush up on vocab – you can navigate #Web3 like a pro
@Cardano

Discover the backstory behind the name of the #Cardano native currency, $ada.

A few clues: she was the daughter of a famous poet, a famous mathematician, and arguably the first programmer.

Read more and find out what you can do with a digital currency👇

Named after the biblical Tower of Babel – or perhaps Douglas Adams’s fish – this mechanism doesn’t help you speak every language, but it will open up interoperability with other digital currencies for #Cardano.

What is #Cardano and why was it launched?

Start at the very beginning and get the lowdown on the #Cardano blockchain.

Determined to get to grips with #Cardano-speak?

This term refers to a function that means you always know exactly how much a transaction will cost before you make it on the Cardano #blockchain.

This is one to remember: the accounting model used by #Cardano which extends the model used by Bitcoin and which makes the #blockchain super secure, scalable, and makes fees predictable.

At IOG we use formal mathematical methods as the basis for our rigorous research and checks.

Read more about it ⤵️

Power to the people. Decentralization is the ruling principle behind #Cardano and means no central authority controls its development. Find out who does.

Hydra. A nine-headed snake-like monster from ancient Greek mythology? Not quite. On #Cardano, Hydra refers to a branching of protocols to speed things up and keep network congestion low.

Learn more.👇

An initial stake pool offering is comparable to shares in a company. You delegate your stake to the pool, you get tokens back in return. Learn more below 👇

Jormungandr.

Potentially the hardest #Cardano term to pronounce. But don’t worry, knowing what it means doesn’t mean you have to actually say it out loud. Find out what it’s all about…

Lovelace. Ada’s surname and the namesake for the smallest units of #Cardano’s digital currency. Want more backstory? Check the post!

Named after Christopher Marlowe, this web-based platform opens up financial smart contracts on #Cardano to new types of builders. Read more about it.

Did you know you can create your own tokens on #Cardano? They act just like Cardano’s digital currency, ada, and they can be used for a variety of purposes. Find out more.

The ouroboros is an ancient symbol depicting a serpent or dragon eating its own tail. It’s often a symbol for eternal cyclic renewal.

In #Cardano terms Ouroboros refers to its groundbreaking consensus protocol. Find out more.

P is for #Plutus. Named after the ancient Greek god of wealth, this is the programming language used for smart contracts on #Cardano.

Check out the full deets.

Quantum computing. Sounds beyond smart, right? Well, it is. Find out (a little) more about it here. Don’t worry, you don’t have to be a quantum physicist to understand it…

Let’s keep it real. No, really. This concept is all about making a tangible difference to people’s lives. Finance for everyone, everywhere. Learn more⤵️

Stake pools. The collective delegations from you and other fellow ada holders are stored here, and in turn they can earn you rewards. Intrigued? Check the image for more info...

This one is all about sustainability and governance. The treasury is where a percentage of rewards are collected to fund #Cardano. More info in the image 👇.

U is for UTXO. This one is all about the accounting model used by #Cardano (and #Bitcoin too). Read more about it.