Building the Haskell cardano-node on Linux
tl;dr; Jump straight to the build instructions The Details Looking forward to the Haskell mainnet, the next step in the Cardano project, I’ve begun exploring the cardano-node Haskell implementation. I find that exploring source code is much easier if you actually watch the program run for a while. So, the first thing a developer has […]
Opinion: Our 2018 cryptocurrency portfolio: Events to look forward to and pitfalls to avoid [Feb 2018]
Few events have the power to make a cryptocurrency multiply 10X. Being widely adopted, becoming the standard in its niche, developing an innovative or very unique feature, having a great community around it – all these have the power to increase a crypto’s value many times over. But what are some possible catalysts for cryptocurrency […]
ELI5 Semi-formal Cryptocurrency Development
We’ve previously discussed formal software verification as related to crypto programming. Today we’d like to discuss an intermediary concept called semi-formal cryptocurrency development. Brief Review of Formal Verification In formal verification, every single possible logical state of a computer program must be mathematically proven. This kind of proof can consume tens, even hundreds, of pages […]
ELI5 What’s the minimum amount of XTZ required to stake Tezos?
Is there a minimum amount of XTZ required to begin staking? A lot of new Tezos users ask this question because there certainly is a minimum amount of XTZ required to bake Tezos. tl;dr; No, there is no minimum amount of XTZ required to bake Tezos. To be precise, there is a minimum but it’s […]
Concepts In This Page
Cardano is a 3rd generation cryptocurrency which is developed based on scientific methods, peer review and aims for formal verification and on-chain governance and compliance.
Cardano Staking is the process by which network participants delegate their Proof of Staking voting rights to a Cardano ADA mining pool.
jcli is Jormungandr's (Cardano ADA full node written in Rust) command line tool (CLI)
Jormungandr is a Cardano ADA full node implementation written in the Rust programming language.
Proof of Stake
Proof of Stake is a consensus mechanism in which block verifiers prove their commitment to the network by staking their coins instead of by proving they performed some work (contrast with Proof of Work).
Staking is the process by which users delegate their Proof of Stake voting rights to a staking pool. The pool then verifies transactions on the users' behalf and, similarly to mining pools, share some of the profits back with the stakers.
A Staking Pool is an organization which verifies transactions on behalf of others in a Proof of Stake consensus system. Stakers delegate their voting rights to a staking pool which, in turn, verifies blocks 24x7. In exchange for the voting rights, the pools share the block rewards with the delegators.