Earlier, I only knew the name too. It wasn’t until I took a closer look at the materials that I understood what it was.
Charles Hoskinson and Jeremy Wood co-founded IOHK (now called Input Output), a blockchain research and development company.
Cardano uses an extended UTXO model (eUTXO), unlike Ethereum’s account-based model. With eUTXO, the execution outcome and transaction fee can be determined before a transaction is submitted.
Holders of $ADA can delegate their coins to a stake pool and share in the staking rewards.
If there’s anything I’ve missed, let me know in the comments.
This is not investment advice. Invest at your own risk.
Charles Hoskinson and Jeremy Wood co-founded IOHK (now called Input Output), a blockchain research and development company.
Cardano uses an extended UTXO model (eUTXO), unlike Ethereum’s account-based model. With eUTXO, the execution outcome and transaction fee can be determined before a transaction is submitted.
Holders of $ADA can delegate their coins to a stake pool and share in the staking rewards.
If there’s anything I’ve missed, let me know in the comments.
This is not investment advice. Invest at your own risk.