A token standard is a set of rules and functions that a token contract must implement to ensure compatibility and interoperability within a blockchain ecosystem, such as ERC-20 or ERC-721 on Ethereum.
Tokenomics refers to the economic principles governing token creation, distribution, and use in blockchain ecosystems, ensuring sustainability and growth in networks like Cardano.
Tokenization converts assets into blockchain tokens, enabling secure transactions, custom asset creation, and new DeFi opportunities on Cardano.
Cardano's treasury system plays a critical role in funding development, research, and community projects through a decentralized funding pool.
Cardano achieves transaction finality through its consensus mechanism, Ouroboros, which utilizes the longest-chain rule to determine the valid chain of blocks. Once a transaction is included in a block and added to the blockchain, it is considered final and irreversible, ensuring the integrity and permanence of the transaction.
Transaction mempools in Cardano's blockchain serve as temporary storage pools for pending transactions awaiting validation and inclusion in blocks by network validators, enabling efficient propagation, validation, and prioritization of transactions based on fee rates, gas limits, and other parameters.
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