The Cardano Glossary

a secure wallet for the ada cryptocurrency that manages balances and provides the ability to send and receive payments. Daedalus is a full node wallet, which means that it downloads a full copy of the Cardano blockchain and independently validates every transaction in its history. It has a friendly user interface and is recommended for new users to start with.

DAO means decentralized autonomous organisation. Project Catalyst is looking to become a fully decentralized organisation for the ecosystem improvements and innovation once it can integrate the governance phase of Cardano named Voltaire.

decentralized application.

a piece of information that can be associated with a UTXO and is used to carry script state such as its owner or the timing details of when the UTXO can be spent.

Day trading is the practice of frequently buying and selling assets in order to make a profit on intraday changes in their price.

A temporary recovery in prices after a prolonged decrease.

A death cross is a bearish technical trading indicator that occurs when the 50-day moving average falls below the 200-day moving average, indicating a big sell-off.

A cryptocurrency exchange on which you may trade cryptocurrencies.

Decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal.

A type of application that runs on a decentralized network, avoiding a single point of failure.

A decentralized autonomous organization (DAO) is founded upon and governed by a set of computer-defined rules and blockchain-based smart contracts.

Decentralized currency refers to bank-free methods of transferring wealth or ownership of any other commodity without needing a third party.

A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary.

Decentralized governance refers to the procedures through which a platform's disintermediated, equitable management is carried out for blockchain networks and dApps.

A decentralized network is a collection of interconnected but distinct elements that interact with one another without the need for a centralized power or server.

A decentralized payment network refers to a system where users, customers and vendors can exchange money without having to trust any third party to keep the network secure and operational.

Decentralized social media is a social media platform that is based on blockchain.

A movement encouraging alternatives to traditional, centralized forms of financial services.

A decline in the general level of prices for goods and services in an economy.

An alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms.

the process by which ada owners can participate in the network and earn rewards by delegating the stake associated with their ada holdings to a stake pool.

The process of removing an asset/stock/cryptocurrency from a trading exchange is called delisting.

A denial-of-service attack aims to temporarily make a computer or network service unavailable to its intended users.

A financial instrument deriving its value from the value of an underlying asset.

a measure of the predictibility of transaction processing that enables the user to forecast the impact and outcome of a transaction locally (off-chain). It provides the ability to guarantee the cost of transaction execution and how the transaction behaves on the ledger before it is submitted and executed on-chain.

A type of cryptocurrency wallet in which keys and addresses are created from a single seed.

a decentralized exchange that facilitates peer-to-peer (P2P) cryptocurrency transactions.

Digital technologies are these electronic tools that have the ability to generate, store or even process data.

Digital art is art and media that is made by using digital technology.

A digital asset refers to the digital representation of something of value.

A digital asset custodian is responsible to look after digital assets on behalf of an investor or client.

A currency that exists only in digital form, as opposed to traditional physical currencies.

The term "digital dollar" refers to a possible digital currency issued by the US central bank (CBDC).

Information used by a person or entity to identify themselves to a computer or network.

Discord is a web-based communication tool or application primarily built to enable communication between gamers.

An attempt by a bad actor to disrupt the operation of an application, server or network by flooding it with traffic.

Distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. A distributed ledger does not necessarily involve a cryptocurrency and may be permissioned and private.

A database that is shared by multiple participants, in multiple places. The basis for blockchains.

A network in which the data and applications are dependent on multiple sources, as opposed to one location.

Diversification is a risk-management strategy that mixes a wide variety of investments within a portfolio.

Documentation is a part of token economies that stores all the details of an asset on the blockchain.

A measure of Bitcoin's value in the context of the larger cryptocurrency market.

The potential for a digital currency to be spent twice.

A sudden sell-off of digital assets.