Native tokens on Cardano; core principles and points of difference
In yesterday’s post, we looked at the purpose and value of tokens on Cardano. Here, we dig deeper into the four principles guiding our approach, and the key advantages
9 December 2020 5 mins read
Ethereum, custom (user-defined) tokens are implemented using smart contracts to simulate the transfer of custom assets. Our approach with Cardano does not require smart contracts, because the ledger itself supports the accounting of non-ada native assets.
Another difference is that Cardano’s multi-asset ledger supports both fungible and unique, non-fungible tokens without…
The new Mantis: Bringing security and stability to the Ethereum Classic ecosystem
We’re committed to bringing innovation and fresh life to ETC and this is just the start
9 December 2020 6 mins read
IOHK has a long association with Ethereum Classic (ETC) and its community, which preserves an untampered history free from external interference and subjective altering of transactions. Serving as the next-generation digital currency platform, ETC is built as an intuitive programming platform, which allows developers of all skill sets to build the next wave of market disrupting…
Native tokens on Cardano
The Cardano ledger will handle tokenized assets natively – there’s no need for any custom code. In the first of a two-part post, we’ll look at Cardano’s approach to tokenization through native tokens, why native assets are necessary, and their advantages over ERC-20 and ERC-721 tokens
8 December 2020 6 mins read
It all began in the ether. Ethereum was launched in July of 2015. Bitcoin had been around for six years by then, but the whole cryptocurrency world still remained a niche affair.
Bitcoin was designed (and so it remains today) purely as a digital currency. When Ethereum came along, it had a solid ace up its crypto sleeve: smart contracts, right out of the box. This meant that…
Goguen brings token locking to Cardano
We’re deploying the same process used for the Shelley update to deliver a smooth upgrade path to Goguen
2 December 2020 7 mins read
Cardano’s development has been conceived as a journey involving five overlapping development themes, each of which is underpinned by a consensus protocol – Ouroboros. As Cardano evolves, the protocol must also change as fresh functionality and utility are brought onto the platform. Upgrades require gradual changes to the network protocol and in this article, we will explain how…
Blockchain reward sharing - a comparative systematization from first principles
Navigating the diverse landscape of reward-sharing schemes and the choices we have made in the design of Cardano’s reward-sharing scheme
30 November 2020 10 mins read
In the previous article, we identified the objectives of the reward scheme in Cardano, and we gave general guidelines regarding engaging with the system.
Taking a more high-level view, we will examine from first principles, the general problem of reward sharing in blockchain systems. To recall, the two overarching objectives of any resource-based consensus system is to…
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